Lombard Odier Asset Management USA Corp Takes Position in REV Group, Inc. (NYSE:REVG)

Lombard Odier Asset Management USA Corp purchased a new stake in shares of REV Group, Inc. (NYSE:REVG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,797 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of REV Group by 22.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company’s stock valued at $13,985,000 after buying an additional 140,674 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of REV Group by 96.3% during the 4th quarter. BNP Paribas Financial Markets now owns 63,783 shares of the company’s stock worth $1,159,000 after buying an additional 31,285 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in REV Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock valued at $53,846,000 after purchasing an additional 39,484 shares in the last quarter. Trexquant Investment LP boosted its position in REV Group by 52.8% during the fourth quarter. Trexquant Investment LP now owns 105,706 shares of the company’s stock valued at $1,921,000 after purchasing an additional 36,544 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its position in REV Group by 31.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 82,311 shares of the company’s stock valued at $1,496,000 after purchasing an additional 19,565 shares in the last quarter.

REV Group Stock Up 1.3 %

REV Group stock opened at $27.97 on Tuesday. REV Group, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $31.85. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85. The company has a market capitalization of $1.45 billion, a P/E ratio of 6.84 and a beta of 1.59. The stock has a 50-day simple moving average of $28.03 and a 200-day simple moving average of $25.26.

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

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, September 27th. REV Group’s dividend payout ratio (DPR) is 4.89%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. The Goldman Sachs Group raised their price objective on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, September 5th. DA Davidson reissued a “buy” rating and issued a $33.00 price objective on shares of REV Group in a report on Thursday, September 5th. Finally, Morgan Stanley started coverage on REV Group in a research note on Tuesday, June 11th. They issued an “equal weight” rating and a $29.50 price target on the stock.

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.