Neuberger Berman Group LLC Increases Holdings in REV Group, Inc. $REVG

Neuberger Berman Group LLC grew its holdings in REV Group, Inc. (NYSE:REVG) by 338.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 970,595 shares of the company’s stock after buying an additional 749,113 shares during the quarter. Neuberger Berman Group LLC owned approximately 1.99% of REV Group worth $46,191,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in REV Group by 345.5% during the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock valued at $20,346,000 after acquiring an additional 499,328 shares in the last quarter. Seven Six Capital Management LLC boosted its position in shares of REV Group by 4.7% during the first quarter. Seven Six Capital Management LLC now owns 92,458 shares of the company’s stock valued at $2,922,000 after purchasing an additional 4,150 shares in the last quarter. Invesco Ltd. grew its stake in REV Group by 9.4% in the first quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock worth $59,869,000 after purchasing an additional 163,026 shares during the period. Synovus Financial Corp raised its holdings in REV Group by 13.8% in the first quarter. Synovus Financial Corp now owns 39,078 shares of the company’s stock worth $1,235,000 after purchasing an additional 4,743 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in REV Group during the first quarter valued at $4,263,000.

REV Group Stock Performance

Shares of REVG opened at $58.43 on Friday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 30.59 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.53. REV Group, Inc. has a one year low of $26.51 and a one year high of $64.47. The business has a fifty day moving average of $54.99 and a 200 day moving average of $52.09.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The business had revenue of $664.40 million for the quarter, compared to analysts’ expectations of $646.77 million. During the same period last year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a $0.06 dividend. The ex-dividend date is Wednesday, December 24th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group’s dividend payout ratio (DPR) is presently 12.57%.

Analyst Upgrades and Downgrades

REVG has been the topic of a number of recent research reports. Zacks Research raised shares of REV Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $68.00 to $57.00 in a research report on Friday, October 31st. Morgan Stanley set a $55.00 price target on REV Group in a research note on Tuesday, November 4th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $55.00 price objective (down previously from $64.00) on shares of REV Group in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.25.

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.