Natixis Advisors LLC Buys 15,228 Shares of REV Group, Inc. (NYSE:REVG)

Natixis Advisors LLC boosted its stake in shares of REV Group, Inc. (NYSE:REVG) by 50.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,497 shares of the company’s stock after acquiring an additional 15,228 shares during the period. Natixis Advisors LLC’s holdings in REV Group were worth $1,277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its position in REV Group by 67.5% during the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after purchasing an additional 716 shares during the period. Farther Finance Advisors LLC raised its position in shares of REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after buying an additional 461 shares in the last quarter. CWM LLC lifted its holdings in shares of REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after acquiring an additional 3,369 shares during the period. Atria Investments Inc acquired a new stake in shares of REV Group during the 3rd quarter worth approximately $201,000. Finally, DekaBank Deutsche Girozentrale increased its stake in REV Group by 257.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after acquiring an additional 5,420 shares during the last quarter.

Analysts Set New Price Targets

REVG has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $33.00 price target on shares of REV Group in a research note on Thursday, September 5th. The Goldman Sachs Group lifted their target price on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a research report on Thursday, September 5th. Finally, StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

REV Group Stock Performance

Shares of REVG opened at $30.85 on Wednesday. REV Group, Inc. has a one year low of $14.87 and a one year high of $32.74. The company has a market cap of $1.60 billion, a PE ratio of 7.36 and a beta of 1.59. The stock has a 50-day moving average of $28.33 and a 200-day moving average of $27.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. On average, equities research analysts predict that REV Group, Inc. will post 1.42 EPS for the current fiscal year.

REV Group Dividend Announcement

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

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.