Wealth Enhancement Advisory Services LLC Cuts Stake in REV Group, Inc. $REVG

Wealth Enhancement Advisory Services LLC cut its holdings in shares of REV Group, Inc. (NYSE:REVG) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 259,036 shares of the company’s stock after selling 45,341 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in REV Group were worth $14,169,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of REV Group by 19.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock valued at $64,000 after purchasing an additional 181 shares in the last quarter. RD Lewis Holdings Inc. boosted its position in REV Group by 3.0% during the second quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after buying an additional 200 shares during the period. Ameritas Investment Partners Inc. boosted its position in REV Group by 4.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock valued at $250,000 after buying an additional 218 shares during the period. Osaic Holdings Inc. grew its stake in shares of REV Group by 2.6% during the second quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock valued at $454,000 after buying an additional 239 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of REV Group by 2.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock worth $548,000 after buying an additional 289 shares during the period.

REV Group Trading Up 1.6%

NYSE REVG opened at $68.97 on Friday. The stock has a market cap of $3.37 billion, a P/E ratio of 36.11 and a beta of 1.14. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $69.92. The stock has a 50 day simple moving average of $59.83 and a two-hundred day simple moving average of $56.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, December 10th. The company reported $0.83 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 company 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 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were issued a $0.06 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $0.24 annualized dividend and a yield of 0.3%. REV Group’s dividend payout ratio is 12.57%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price objective (down previously from $64.00) on shares of REV Group in a research report on Monday, December 1st. Morgan Stanley set a $55.00 price objective on REV Group in a research note on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. Finally, DA Davidson lowered shares of REV Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $68.00 to $57.00 in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, REV Group has an average rating of “Hold” and a consensus target price of $49.25.

REV Group Profile

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.