REV Group, Inc. $REVG Shares Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC grew its stake in REV Group, Inc. (NYSE:REVG) by 448.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,585 shares of the company’s stock after buying an additional 40,544 shares during the period. REV Group accounts for 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 24th biggest position. Counterpoint Mutual Funds LLC owned 0.10% of REV Group worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of REV Group by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 5,126,206 shares of the company’s stock valued at $290,502,000 after acquiring an additional 30,651 shares during the period. State Street Corp increased its holdings in shares of REV Group by 11.2% in the second quarter. State Street Corp now owns 1,345,451 shares of the company’s stock valued at $64,108,000 after purchasing an additional 135,875 shares during the period. Neuberger Berman Group LLC raised its stake in shares of REV Group by 338.2% in the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after purchasing an additional 749,113 shares during the last quarter. American Century Companies Inc. raised its stake in shares of REV Group by 46.7% in the second quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after purchasing an additional 300,793 shares during the last quarter. Finally, Bragg Financial Advisors Inc boosted its position in REV Group by 52.7% in the second quarter. Bragg Financial Advisors Inc now owns 562,270 shares of the company’s stock valued at $26,758,000 after buying an additional 193,962 shares during the last quarter.

REV Group Price Performance

NYSE:REVG opened at $63.90 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. REV Group, Inc. has a 52 week low of $26.51 and a 52 week high of $69.92. The stock’s 50-day moving average price is $64.34 and its 200-day moving average price is $58.66. The stock has a market capitalization of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14.

REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.REV Group’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 earnings per share. As a group, equities analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. REV Group’s payout ratio is currently 12.57%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on REVG shares. DA Davidson lowered shares of REV Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $68.00 to $57.00 in a research note on Friday, October 31st. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 price target (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Morgan Stanley set a $55.00 target price on REV Group in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.25.

REV Group Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.