Cwm LLC Has $248,000 Stake in REV Group, Inc. (NYSE:REVG)

Cwm LLC raised its position in REV Group, Inc. (NYSE:REVG) by 120.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,842 shares of the company’s stock after purchasing an additional 4,832 shares during the quarter. Cwm LLC’s holdings in REV Group were worth $248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of REV Group by 56.3% in the 1st quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after acquiring an additional 1,698,502 shares in the last quarter. Kennedy Capital Management LLC grew its holdings in shares of REV Group by 161.8% in the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock valued at $20,940,000 after acquiring an additional 585,841 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of REV Group in the 2nd quarter valued at about $9,535,000. Hood River Capital Management LLC bought a new position in REV Group during the first quarter worth about $8,240,000. Finally, Bessemer Group Inc. bought a new position in REV Group during the first quarter worth about $6,293,000.

REV Group Trading Down 4.5 %

Shares of NYSE:REVG opened at $27.60 on Wednesday. REV Group, Inc. has a 12-month low of $14.04 and a 12-month high of $31.85. The stock has a market cap of $1.44 billion, a PE ratio of 6.59 and a beta of 1.59. The business has a 50 day moving average of $28.30 and a 200-day moving average of $26.40. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54.

REV Group (NYSE:REVG) last issued its quarterly earnings data 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. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The company had revenue of $579.40 million during the quarter, compared to analysts’ expectations of $618.70 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business’s revenue was down 14.8% on a year-over-year basis. As a group, equities research analysts forecast that REV Group, Inc. will post 1.42 earnings per share for the current year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Friday, September 27th. REV Group’s dividend payout ratio is presently 4.77%.

Analyst Upgrades and Downgrades

REVG has been the subject of a number of research analyst reports. DA Davidson reiterated a “buy” rating and set a $33.00 price target on shares of REV Group in a report on Thursday, September 5th. The Goldman Sachs Group lifted their price target on REV Group from $22.00 to $25.00 and gave the stock a “sell” rating in a report on Thursday, September 5th. Finally, StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

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.