Advisor Group Holdings Inc. decreased its position in REV Group, Inc. (NYSE:REVG) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,848 shares of the company’s stock after selling 1,522 shares during the quarter. Advisor Group Holdings Inc.’s holdings in REV Group were worth $122,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. First Trust Advisors LP lifted its position in shares of REV Group by 64.9% in the 1st quarter. First Trust Advisors LP now owns 170,323 shares of the company’s stock worth $1,865,000 after purchasing an additional 67,052 shares during the period. Wellington Management Group LLP boosted its position in REV Group by 11.2% during the 1st quarter. Wellington Management Group LLP now owns 266,702 shares of the company’s stock valued at $1,112,000 after acquiring an additional 26,907 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of REV Group by 4.8% during the 1st quarter. Geode Capital Management LLC now owns 383,499 shares of the company’s stock worth $1,599,000 after acquiring an additional 17,622 shares during the period. Two Sigma Investments LP bought a new position in shares of REV Group in the 1st quarter worth approximately $146,000. Finally, AQR Capital Management LLC purchased a new position in shares of REV Group in the 1st quarter valued at approximately $167,000. 93.42% of the stock is owned by hedge funds and other institutional investors.
REV Group stock traded down $0.01 during midday trading on Friday, reaching $8.65. 293,148 shares of the company traded hands, compared to its average volume of 310,323. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.89 and a quick ratio of 0.67. REV Group, Inc. has a 12 month low of $3.50 and a 12 month high of $14.50. The firm has a market capitalization of $549.07 million, a price-to-earnings ratio of -18.40 and a beta of 2.92. The business has a 50 day moving average of $7.89 and a two-hundred day moving average of $6.25.
REV Group (NYSE:REVG) last announced its earnings results on Wednesday, September 9th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.09. The business had revenue of $582.20 million for the quarter, compared to analysts’ expectations of $551.74 million. REV Group had a negative return on equity of 0.87% and a negative net margin of 1.28%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. As a group, equities analysts forecast that REV Group, Inc. will post -0.02 EPS for the current year.
Several equities analysts have commented on the company. Zacks Investment Research raised REV Group from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Wednesday, September 16th. Credit Suisse Group increased their price target on shares of REV Group from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Thursday, September 10th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.25.
REV Group Profile
REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.
See Also: Retained Earnings
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