REV Group, Inc. (NYSE:REVG) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in shares of REV Group, Inc. (NYSE:REVG) by 52.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 143,986 shares of the company’s stock after buying an additional 49,397 shares during the quarter. Los Angeles Capital Management LLC’s holdings in REV Group were worth $2,616,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in REVG. Vanguard Group Inc. increased its stake 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 purchasing an additional 27,236 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of REV Group by 8.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company’s stock worth $10,064,000 after buying an additional 50,738 shares during the last quarter. Phocas Financial Corp. increased its position in REV Group by 1.8% in the 4th quarter. Phocas Financial Corp. now owns 485,452 shares of the company’s stock valued at $8,821,000 after acquiring an additional 8,506 shares during the period. Federated Hermes Inc. raised its stake in REV Group by 13.2% during the 4th quarter. Federated Hermes Inc. now owns 433,160 shares of the company’s stock valued at $7,871,000 after acquiring an additional 50,507 shares during the last quarter. Finally, Wellington Management Group LLP raised 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 acquiring an additional 78,453 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on REVG. The Goldman Sachs Group boosted their target price on REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. StockNews.com lowered shares of REV Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, REV Group presently has a consensus rating of “Moderate Buy” and an average target price of $17.60.

REV Group Trading Up 2.9 %

Shares of REVG opened at $23.92 on Tuesday. The stock’s 50 day moving average is $21.02 and its two-hundred day moving average is $18.43. REV Group, Inc. has a twelve month low of $9.85 and a twelve month high of $25.17. The firm has a market capitalization of $1.24 billion, a PE ratio of 5.91 and a beta of 1.67.

REV Group (NYSE:REVG) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.15 by $0.10. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The business had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. During the same period last year, the firm earned $0.04 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts predict 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 was Wednesday, March 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.84%. REV Group’s payout ratio is currently 4.94%.

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.