21,553 Shares in REV Group, Inc. $REVG Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of REV Group, Inc. (NYSE:REVG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,553 shares of the company’s stock, valued at approximately $1,221,000.

A number of other institutional investors also recently modified their holdings of REVG. Farther Finance Advisors LLC increased its stake in shares of REV Group by 19.1% in the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after acquiring an additional 181 shares during the last quarter. RD Lewis Holdings Inc. boosted its position in REV Group by 3.0% during the second quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after purchasing an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in REV Group by 4.3% in the second quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock valued at $250,000 after purchasing an additional 218 shares in the last quarter. Osaic Holdings Inc. increased its position in REV Group by 2.6% in the 2nd quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock worth $454,000 after purchasing an additional 239 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of REV Group by 2.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock worth $548,000 after purchasing an additional 289 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $68.00 to $57.00 in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a research note on Wednesday, December 24th. Zacks Research upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Morgan Stanley set a $55.00 price target on shares of REV Group in a report on Tuesday, November 4th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price objective (down from $64.00) on shares of REV Group in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, REV Group currently has an average rating of “Hold” and a consensus target price of $49.25.

REV Group Price Performance

NYSE REVG opened at $63.90 on Friday. REV Group, Inc. has a 1 year low of $26.51 and a 1 year high of $69.92. The company has a fifty day simple moving average of $61.69 and a 200 day simple moving average of $56.84. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14.

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

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 24th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group’s dividend payout ratio is presently 12.57%.

REV Group Company Profile

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.