Janney Montgomery Scott LLC Increases Stock Position in REV Group, Inc. (NYSE:REVG)

Janney Montgomery Scott LLC boosted its position in REV Group, Inc. (NYSE:REVG) by 81.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,841 shares of the company’s stock after acquiring an additional 13,361 shares during the period. Janney Montgomery Scott LLC owned 0.06% of REV Group worth $837,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Amalgamated Bank increased its stake in shares of REV Group by 67.5% during the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after buying an additional 716 shares during the period. Farther Finance Advisors LLC boosted its holdings in REV Group by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after acquiring an additional 461 shares in the last quarter. CWM LLC increased its position in REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock valued at $100,000 after purchasing an additional 3,369 shares during the period. DekaBank Deutsche Girozentrale raised its holdings 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. Finally, Leuthold Group LLC purchased a new stake in shares of REV Group in the 2nd quarter worth about $213,000.

Analyst Ratings Changes

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

REV Group Price Performance

Shares of REVG opened at $29.68 on Friday. REV Group, Inc. has a twelve month low of $14.72 and a twelve month high of $31.85. The company has a market capitalization of $1.54 billion, a P/E ratio of 7.08 and a beta of 1.59. The firm has a 50 day moving average of $27.94 and a 200 day moving average of $27.17. 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 posted its earnings results on Wednesday, September 4th. The company reported $0.48 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 analyst estimates of $618.70 million. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. As a group, equities research analysts anticipate that REV Group, Inc. will post 1.42 earnings per share for the current fiscal year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. REV Group’s dividend payout ratio (DPR) is 4.77%.

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.