Ritholtz Wealth Management Purchases 16,654 Shares of REV Group, Inc. $REVG

Ritholtz Wealth Management raised its position in REV Group, Inc. (NYSE:REVG) by 62.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 43,289 shares of the company’s stock after buying an additional 16,654 shares during the period. Ritholtz Wealth Management’s holdings in REV Group were worth $2,632,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of REVG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in REV Group by 5.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company’s stock valued at $971,000 after purchasing an additional 1,520 shares during the last quarter. Marshall Wace LLP raised its position in REV Group by 54.5% in the second quarter. Marshall Wace LLP now owns 62,786 shares of the company’s stock valued at $2,988,000 after purchasing an additional 22,153 shares during the last quarter. State Street Corp raised its position in REV Group by 11.2% in the second quarter. State Street Corp now owns 1,345,451 shares of the company’s stock valued at $64,108,000 after purchasing an additional 135,875 shares during the last quarter. Qube Research & Technologies Ltd raised its position in REV Group by 22.0% in the second quarter. Qube Research & Technologies Ltd now owns 237,689 shares of the company’s stock valued at $11,312,000 after purchasing an additional 42,827 shares during the last quarter. Finally, Sei Investments Co. raised its position in REV Group by 28.7% in the second quarter. Sei Investments Co. now owns 97,309 shares of the company’s stock valued at $4,631,000 after purchasing an additional 21,722 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on REVG. Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.25.

REV Group Stock Performance

NYSE REVG opened at $63.90 on Monday. The business has a 50 day simple moving average of $63.86 and a 200 day simple moving average of $60.49. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92. The stock has a market capitalization of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49.

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.