Quest Partners LLC Has $235,000 Stake in REV Group, Inc. (NYSE:REVG)

Quest Partners LLC raised its position in shares of REV Group, Inc. (NYSE:REVG) by 436.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,392 shares of the company’s stock after purchasing an additional 6,828 shares during the quarter. Quest Partners LLC’s holdings in REV Group were worth $235,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of 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 buying an additional 1,698,502 shares during the period. Nicholas Investment Partners LP lifted its position in shares of REV Group by 4.8% in the second quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company’s stock worth $18,792,000 after purchasing an additional 34,555 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of REV Group by 17.2% during the second quarter. AQR Capital Management LLC now owns 416,603 shares of the company’s stock worth $10,369,000 after purchasing an additional 61,111 shares during the period. Hennessy Advisors Inc. purchased a new position in REV Group during the second quarter valued at approximately $9,535,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in REV Group by 56.9% in the 1st 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 Trading Down 3.5 %

Shares of NYSE:REVG opened at $30.85 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $1.60 billion, a PE ratio of 7.36 and a beta of 1.59. REV Group, Inc. has a 1 year low of $14.87 and a 1 year high of $32.74. The firm has a fifty day moving average price of $28.33 and a 200 day moving average price of $27.46.

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

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Friday, September 27th. REV Group’s dividend payout ratio is 4.77%.

Wall Street Analyst Weigh In

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

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.