Hennion & Walsh Asset Management Inc. Sells 14,084 Shares of REV Group, Inc. $REVG

Hennion & Walsh Asset Management Inc. trimmed its holdings in REV Group, Inc. (NYSE:REVG) by 60.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,143 shares of the company’s stock after selling 14,084 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in REV Group were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC raised its holdings in REV Group by 7.5% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,173 shares of the company’s stock valued at $375,000 after acquiring an additional 429 shares in the last quarter. Optivise Advisory Services LLC acquired a new stake in shares of REV Group during the 4th quarter worth $224,000. SG Americas Securities LLC grew its holdings in shares of REV Group by 704.2% during the 4th quarter. SG Americas Securities LLC now owns 39,364 shares of the company’s stock worth $2,394,000 after purchasing an additional 34,469 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of REV Group in the fourth quarter worth $1,169,000. Finally, JPMorgan Chase & Co. increased its position in shares of REV Group by 111.1% in the third quarter. JPMorgan Chase & Co. now owns 539,133 shares of the company’s stock worth $30,553,000 after purchasing an additional 283,706 shares during the period.

Wall Street Analyst Weigh In

REVG has been the topic of a number of analyst reports. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, REV Group currently has a consensus rating of “Hold” and an average target price of $49.25.

REV Group Price Performance

REV Group stock 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. REV Group, Inc. has a 52 week low of $26.51 and a 52 week high of $69.92. The stock has a market capitalization of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. The stock has a fifty day moving average of $64.08 and a 200-day moving average of $60.30.

REV Group Company 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.