UBS Asset Management Americas Inc. Reduces Stake in Rev Group Inc (NYSE:REVG)

UBS Asset Management Americas Inc. decreased its stake in shares of Rev Group Inc (NYSE:REVG) by 56.0% during the second quarter, HoldingsChannel.com reports. The firm owned 10,300 shares of the company’s stock after selling 13,089 shares during the period. UBS Asset Management Americas Inc.’s holdings in Rev Group were worth $148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Rev Group by 0.6% in the 2nd quarter. Invesco Ltd. now owns 2,178,778 shares of the company’s stock valued at $31,396,000 after acquiring an additional 12,027 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Rev Group in the 2nd quarter valued at about $684,000. Northern Trust Corp raised its holdings in shares of Rev Group by 3.0% in the 2nd quarter. Northern Trust Corp now owns 354,846 shares of the company’s stock valued at $5,113,000 after acquiring an additional 10,388 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Rev Group by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,349,728 shares of the company’s stock valued at $33,859,000 after acquiring an additional 63,229 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Rev Group by 24.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 590,688 shares of the company’s stock valued at $8,512,000 after acquiring an additional 116,502 shares in the last quarter.

Shares of Rev Group stock opened at $12.26 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 0.71 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $747.12 million, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.68 and a beta of 2.95. The business’s 50-day moving average price is $11.10 and its 200-day moving average price is $12.25. Rev Group Inc has a 12 month low of $6.41 and a 12 month high of $14.99.

Rev Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.23). The firm had revenue of $617.00 million for the quarter, compared to the consensus estimate of $632.44 million. Rev Group had a negative net margin of 1.05% and a positive return on equity of 7.09%. Rev Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 earnings per share. As a group, analysts predict that Rev Group Inc will post 0.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Wednesday, October 30th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, October 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.63%. Rev Group’s dividend payout ratio (DPR) is presently 19.42%.

In related news, CFO Dean J. Nolden purchased 9,158 shares of Rev Group stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $10.87 per share, for a total transaction of $99,547.46. Following the transaction, the chief financial officer now directly owns 104,525 shares in the company, valued at $1,136,186.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy W. Sullivan purchased 50,000 shares of Rev Group stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $9.58 per share, for a total transaction of $479,000.00. Following the completion of the transaction, the chief executive officer now owns 1,853,160 shares in the company, valued at $17,753,272.80. The disclosure for this purchase can be found here. 3.71% of the stock is currently owned by corporate insiders.

REVG has been the topic of several recent analyst reports. Zacks Investment Research cut Rev Group from a “hold” rating to a “sell” rating in a report on Friday, September 13th. BMO Capital Markets cut Rev Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $12.00 to $11.00 in a report on Friday, September 27th. Morgan Stanley lowered their price target on Rev Group from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, September 6th. Robert W. Baird set a $12.00 price target on Rev Group and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Wells Fargo & Co raised their price target on Rev Group from $10.00 to $11.00 and gave the company a “market perform” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.33.

Rev Group Company 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.

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Institutional Ownership by Quarter for Rev Group (NYSE:REVG)

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