Los Angeles Capital Management LLC Reduces Stake in REV Group, Inc. (NYSE:REVG)

Los Angeles Capital Management LLC lowered its holdings in REV Group, Inc. (NYSE:REVG) by 13.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 124,389 shares of the company’s stock after selling 19,597 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.24% of REV Group worth $2,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. DekaBank Deutsche Girozentrale purchased a new stake in REV Group in the 4th quarter worth approximately $39,000. AJOVista LLC purchased a new position in shares of REV Group in the 4th quarter valued at approximately $68,000. Pinnacle Associates Ltd. lifted its stake in shares of REV Group by 6.9% in the 4th quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock valued at $1,086,000 after purchasing an additional 3,853 shares during the period. New York State Common Retirement Fund lifted its stake in shares of REV Group by 7.8% in the 4th quarter. New York State Common Retirement Fund now owns 76,132 shares of the company’s stock valued at $1,383,000 after purchasing an additional 5,495 shares during the period. Finally, Phocas Financial Corp. lifted its stake in shares of 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 purchasing an additional 8,506 shares during the period.

Wall Street Analysts Forecast Growth

REVG has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on REV Group in a research note on Tuesday, June 11th. They issued an “equal weight” rating and a $29.50 target price for the company. StockNews.com lowered REV Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group raised their price objective on REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.50.

REV Group Stock Down 0.7 %

REVG stock opened at $25.90 on Friday. REV Group, Inc. has a twelve month low of $12.51 and a twelve month high of $28.59. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.34 billion, a PE ratio of 6.33 and a beta of 1.69. The business has a 50 day moving average of $24.96 and a 200 day moving average of $21.06.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, June 28th. REV Group’s payout ratio is 4.89%.

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.