JPMorgan Chase & Co. Raises Holdings in REV Group, Inc. $REVG

JPMorgan Chase & Co. grew its holdings in REV Group, Inc. (NYSE:REVG) by 111.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 539,133 shares of the company’s stock after buying an additional 283,706 shares during the quarter. JPMorgan Chase & Co. owned about 1.10% of REV Group worth $30,553,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of REV Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,126,206 shares of the company’s stock worth $290,502,000 after purchasing an additional 30,651 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of REV Group by 52.3% in the third quarter. Neuberger Berman Group LLC now owns 1,478,119 shares of the company’s stock valued at $83,765,000 after purchasing an additional 507,524 shares during the period. State Street Corp boosted its holdings in REV Group by 11.2% during the second quarter. State Street Corp now owns 1,345,451 shares of the company’s stock worth $64,108,000 after buying an additional 135,875 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in REV Group by 473.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,203,063 shares of the company’s stock valued at $68,178,000 after buying an additional 993,153 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of REV Group by 11.8% during the 3rd quarter. American Century Companies Inc. now owns 1,055,645 shares of the company’s stock valued at $59,823,000 after acquiring an additional 110,998 shares during the period.

Analyst Ratings Changes

REVG has been the topic of a number of research reports. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price objective (down from $64.00) on shares of REV Group in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.25.

REV Group Price Performance

Shares of NYSE:REVG opened at $63.90 on Monday. The business’s fifty day moving average price is $64.89 and its two-hundred day moving average price is $60.15. The stock has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92.

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.