Atria Investments Inc Invests $201,000 in REV Group, Inc. (NYSE:REVG)

Atria Investments Inc acquired a new position in shares of REV Group, Inc. (NYSE:REVG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,162 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in REV Group by 56.3% in the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after purchasing an additional 1,698,502 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of REV Group in the first quarter valued at about $1,492,000. Public Employees Retirement System of Ohio increased its position in shares of REV Group by 17.8% in the first quarter. Public Employees Retirement System of Ohio now owns 31,006 shares of the company’s stock valued at $685,000 after acquiring an additional 4,688 shares during the period. Caxton Associates LP purchased a new position in shares of REV Group in the first quarter valued at about $1,001,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of REV Group by 56.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 380,247 shares of the company’s stock valued at $8,400,000 after buying an additional 137,943 shares during the period.

REV Group Stock Up 3.7 %

Shares of REV Group stock opened at $30.91 on Monday. REV Group, Inc. has a twelve month low of $14.87 and a twelve month high of $31.85. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 7.38 and a beta of 1.59. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $28.24 and its 200 day moving average is $27.42.

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

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued 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 0.65%. REV Group’s dividend payout ratio is currently 4.77%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. DA Davidson reiterated a “buy” rating and issued a $33.00 target price on shares of REV Group in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group increased their price objective on shares of REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday, September 5th.

REV Group Company 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.