Atria Investments Inc Buys New Stake in REV Group, Inc. (NYSE:REVG)

Atria Investments Inc bought a new stake in shares of REV Group, Inc. (NYSE:REVG) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 7,162 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in REV Group by 151.4% during the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after acquiring an additional 30,262 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in REV Group by 81.1% during the third quarter. Janney Montgomery Scott LLC now owns 29,841 shares of the company’s stock valued at $837,000 after purchasing an additional 13,361 shares during the last quarter. Farther Finance Advisors LLC lifted its position in REV Group by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after purchasing an additional 461 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in REV Group by 63.8% during the third quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock valued at $1,677,000 after purchasing an additional 23,275 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in REV Group during the third quarter valued at $5,973,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday, September 5th. DA Davidson reiterated a “buy” rating and set a $33.00 price objective on shares of REV Group in a research report on Thursday, September 5th. Finally, StockNews.com lowered shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th.

REV Group Price Performance

REV Group stock opened at $30.91 on Monday. The firm has a 50-day moving average price of $28.24 and a 200-day moving average price of $27.42. The firm has a market capitalization of $1.61 billion, a PE ratio of 7.38 and a beta of 1.59. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. REV Group, Inc. has a 12-month low of $14.87 and a 12-month high of $31.85.

REV Group (NYSE:REVG) last released its 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 firm had revenue of $579.40 million during the quarter, compared to analyst estimates of $618.70 million. REV Group had a net margin of 9.92% and a return on equity of 18.69%. The business’s revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. As a group, equities research analysts forecast that REV Group, Inc. will post 1.42 EPS for the current year.

REV Group Announces Dividend

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

About REV Group

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.