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

Cwm LLC increased its holdings in REV Group, Inc. (NYSE:REVG) by 120.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,842 shares of the company’s stock after buying an additional 4,832 shares during the period. Cwm LLC’s holdings in REV Group were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REVG. Vanguard Group Inc. raised its position in REV Group by 56.3% during the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after purchasing an additional 1,698,502 shares in the last quarter. Kennedy Capital Management LLC raised its position in REV Group by 161.8% during the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock valued at $20,940,000 after purchasing an additional 585,841 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in REV Group during the second quarter valued at approximately $9,535,000. Hood River Capital Management LLC acquired a new position in REV Group during the first quarter valued at approximately $8,240,000. Finally, Bessemer Group Inc. acquired a new position in REV Group during the first quarter valued at approximately $6,293,000.

REV Group Stock Performance

Shares of REV Group stock opened at $27.60 on Wednesday. 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, Inc. has a twelve month low of $14.04 and a twelve month high of $31.85. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 6.59 and a beta of 1.59. The company’s fifty day moving average is $28.30 and its 200 day moving average is $26.40.

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

REV Group Dividend Announcement

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

Analyst Upgrades and Downgrades

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