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

Federated Hermes Inc. grew its holdings in REV Group, Inc. (NYSE:REVG) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,160 shares of the company’s stock after acquiring an additional 50,507 shares during the period. Federated Hermes Inc. owned about 0.73% of REV Group worth $7,871,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of REVG. Wellington Management Group LLP lifted its position in shares of REV Group by 22.8% during the 3rd quarter. Wellington Management Group LLP now owns 422,103 shares of the company’s stock worth $6,754,000 after purchasing an additional 78,453 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of REV Group by 6.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock worth $1,086,000 after purchasing an additional 3,853 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of REV Group by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company’s stock worth $10,064,000 after purchasing an additional 50,738 shares during the last quarter. Trexquant Investment LP lifted its position in REV Group by 33.5% in the third quarter. Trexquant Investment LP now owns 69,162 shares of the company’s stock valued at $1,107,000 after acquiring an additional 17,364 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in REV Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,100,142 shares of the company’s stock valued at $49,602,000 after acquiring an additional 27,236 shares during the last quarter.

REV Group Stock Up 0.6 %

Shares of REV Group stock opened at $21.92 on Thursday. REV Group, Inc. has a 52-week low of $9.85 and a 52-week high of $23.85. The company’s 50-day simple moving average is $20.45 and its 200-day simple moving average is $18.02. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 5.41 and a beta of 1.70.

REV Group (NYSE:REVG) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.25 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business posted $0.04 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Equities research analysts anticipate that REV Group, Inc. will post 1.35 EPS for the current year.

REV Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on REVG shares. StockNews.com raised shares of REV Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group boosted their price target on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

About REV Group

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.