REV Group, Inc. (NYSE:REVG) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in REV Group, Inc. (NYSE:REVG) by 13.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 433,160 shares of the company’s stock after buying an additional 50,507 shares during the period. Federated Hermes Inc.’s holdings in REV Group were worth $7,871,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of REVG. Vanguard Group Inc. boosted its stake in REV Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,100,142 shares of the company’s stock valued at $49,602,000 after purchasing an additional 27,236 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in REV Group by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company’s stock valued at $10,064,000 after purchasing an additional 50,738 shares during the period. Phocas Financial Corp. boosted its stake in REV Group by 1.8% during the 4th quarter. Phocas Financial Corp. now owns 485,452 shares of the company’s stock valued at $8,821,000 after purchasing an additional 8,506 shares during the period. Wellington Management Group LLP boosted its stake in REV Group by 22.8% during the 3rd quarter. Wellington Management Group LLP now owns 422,103 shares of the company’s stock valued at $6,754,000 after purchasing an additional 78,453 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in REV Group by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 324,516 shares of the company’s stock valued at $5,192,000 after purchasing an additional 3,820 shares during the period.

REV Group Price Performance

NYSE REVG opened at $21.92 on Thursday. The company’s 50 day simple moving average is $20.45 and its 200 day simple moving average is $18.02. REV Group, Inc. has a 12 month low of $9.85 and a 12 month high of $23.85. The company has a market capitalization of $1.14 billion, a P/E ratio of 5.41 and a beta of 1.70.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The business had revenue of $586.00 million for the quarter, compared to analyst estimates of $579.42 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that REV Group, Inc. will post 1.35 earnings per share for the current year.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. REV Group’s dividend payout ratio is currently 4.94%.

Analyst Upgrades and Downgrades

REVG has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. StockNews.com upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.60.

REV Group Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.