Natixis Advisors LLC Makes New Investment in REV Group, Inc. (NYSE:REVG)

Natixis Advisors LLC bought a new stake in REV Group, Inc. (NYSE:REVG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 30,269 shares of the company’s stock, valued at approximately $753,000. Natixis Advisors LLC owned approximately 0.06% of REV Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in REVG. Vanguard Group Inc. increased its stake in REV Group by 56.3% in the 1st 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. Dimensional Fund Advisors LP lifted its holdings in shares of REV Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock valued at $53,846,000 after purchasing an additional 39,484 shares in the last quarter. Kennedy Capital Management LLC grew its position in shares of REV Group by 161.8% in 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 during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of REV Group by 22.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company’s stock worth $13,985,000 after purchasing an additional 140,674 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of REV Group by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock worth $8,906,000 after purchasing an additional 68,047 shares during the last quarter.

Analyst Upgrades and Downgrades

REVG has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $33.00 target price on shares of REV Group in a report on Thursday, September 5th. Morgan Stanley initiated coverage on shares of REV Group in a research note on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 price objective on the stock. The Goldman Sachs Group boosted their price target on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, September 5th. Finally, StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.10.

REV Group Trading Up 2.5 %

Shares of NYSE REVG opened at $27.01 on Friday. 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 stock’s 50 day moving average price is $27.58 and its two-hundred day moving average price is $24.80. REV Group, Inc. has a 52-week low of $13.36 and a 52-week high of $31.85. The stock has a market capitalization of $1.40 billion, a P/E ratio of 6.66 and a beta of 1.59.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 earnings per share 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 the consensus estimate of $618.70 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. On average, analysts anticipate that REV Group, Inc. will post 1.45 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. REV Group’s dividend payout ratio (DPR) is presently 4.89%.

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.