Seven Eight Capital LP Makes New Investment in REV Group, Inc. (NYSE:REVG)

Seven Eight Capital LP acquired a new stake in REV Group, Inc. (NYSE:REVG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,046 shares of the company’s stock, valued at approximately $1,146,000. Seven Eight Capital LP owned approximately 0.09% of REV Group as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after purchasing an additional 716 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of REV Group during the first quarter worth $63,000. CWM LLC grew its stake in REV Group by 525.6% during the second quarter. CWM LLC now owns 4,010 shares of the company’s stock valued at $100,000 after acquiring an additional 3,369 shares in the last quarter. Virtu Financial LLC bought a new stake in REV Group in the 4th quarter valued at $187,000. Finally, DekaBank Deutsche Girozentrale lifted its stake in REV Group by 257.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock worth $187,000 after purchasing an additional 5,420 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on REVG shares. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Morgan Stanley assumed coverage on REV Group in a report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 price objective on the stock. The Goldman Sachs Group boosted their price target on shares of REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a research report on Thursday, September 5th. Finally, DA Davidson reiterated a “buy” rating and set a $33.00 price objective on shares of REV Group in a research report on Thursday, September 5th.

REV Group Price Performance

NYSE:REVG opened at $27.63 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 6.76 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. The business has a 50 day simple moving average of $27.98 and a 200-day simple moving average of $25.13. REV Group, Inc. has a 1 year low of $14.04 and a 1 year high of $31.85.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. The company had revenue of $579.40 million during the quarter, compared to analyst estimates of $618.70 million. REV Group had a net margin of 9.92% and a return on equity of 18.69%. REV Group’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities analysts forecast that REV Group, Inc. will post 1.42 EPS for the current year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, September 27th. REV Group’s dividend payout ratio (DPR) is currently 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.