Moody Aldrich Partners LLC Sells 43,046 Shares of REV Group, Inc. $REVG

by · The Cerbat Gem

Moody Aldrich Partners LLC trimmed its stake in REV Group, Inc. (NYSE:REVG – Free Report) by 33.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,804 shares of the company’s stock after selling 43,046 shares during the period. Moody Aldrich Partners LLC’s holdings in REV Group were worth $4,919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Neuberger Berman Group LLC raised its position in shares of REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock worth $46,191,000 after acquiring an additional 749,113 shares during the last quarter. American Century Companies Inc. increased its position in REV Group by 46.7% during the 2nd quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock valued at $44,956,000 after purchasing an additional 300,793 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in REV Group during the 2nd quarter worth approximately $9,990,000. Bragg Financial Advisors Inc lifted its position in shares of REV Group by 52.7% in the 2nd quarter. Bragg Financial Advisors Inc now owns 562,270 shares of the company’s stock worth $26,758,000 after purchasing an additional 193,962 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of REV Group by 125.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock valued at $12,156,000 after purchasing an additional 142,243 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Morgan Stanley set a $55.00 target price on REV Group in a research report on Tuesday, November 4th. Baird R W cut REV Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Zacks Research lowered REV Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Robert W. Baird restated a “neutral” rating and set a $55.00 price target (down from $64.00) on shares of REV Group in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, REV Group presently has an average rating of “Hold” and an average price target of $49.25.

Get Our Latest Research Report on REV Group

REV Group Stock Down 0.5%

REV Group stock opened at $60.86 on Thursday. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $64.47. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The firm’s 50-day simple moving average is $56.17 and its 200 day simple moving average is $53.86. The stock has a market cap of $2.97 billion, a PE ratio of 31.86 and a beta of 1.13.

REV Group (NYSE:REVG – Get Free Report) last announced its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The firm had revenue of $664.40 million during the quarter, compared to the consensus estimate of $646.77 million. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 24th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, December 24th. REV Group’s payout ratio is currently 12.57%.

REV Group Company Profile

(Free Report)

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.

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