Advisory Research Inc. Sells 22,615 Shares of REV Group, Inc. $REVG

Advisory Research Inc. decreased its holdings in REV Group, Inc. (NYSE:REVG) by 31.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,955 shares of the company’s stock after selling 22,615 shares during the period. Advisory Research Inc. owned 0.10% of REV Group worth $2,831,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in REV Group in the 3rd quarter valued at $1,221,000. Lisanti Capital Growth LLC grew its position in shares of REV Group by 122.5% during the third quarter. Lisanti Capital Growth LLC now owns 79,182 shares of the company’s stock valued at $4,487,000 after purchasing an additional 43,587 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of REV Group in the third quarter worth about $5,625,000. Virtue Capital Management LLC purchased a new stake in shares of REV Group in the third quarter worth about $942,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of REV Group in the third quarter worth about $3,176,000.

REV Group Stock Performance

REVG opened at $63.90 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The stock’s 50 day moving average price is $65.02 and its 200-day moving average price is $59.66. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 33.46 and a beta of 1.14.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The company had revenue of $664.40 million during the quarter, compared to analysts’ expectations of $646.77 million. During the same quarter in the previous year, the business earned $0.51 EPS. REV Group’s revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that REV Group, Inc. will post 2.12 EPS for the current year.

Analyst Ratings Changes

REVG has been the subject of several research analyst reports. Robert W. Baird restated a “neutral” rating and set 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 note on Wednesday, December 24th. Finally, Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. 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 assigned a Sell rating to the company. According to data from MarketBeat, REV Group presently has an average rating of “Hold” and a consensus target price of $49.25.

About REV Group

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.