Jupiter Asset Management Ltd. Takes Position in REV Group, Inc. (NYSE:REVG)

Jupiter Asset Management Ltd. acquired a new stake in shares of REV Group, Inc. (NYSE:REVG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,094 shares of the company’s stock, valued at approximately $267,000.

A number of other large investors have also recently made changes to their positions in REVG. DekaBank Deutsche Girozentrale purchased a new stake in shares of REV Group during the fourth quarter valued at $39,000. New York State Teachers Retirement System purchased a new stake in REV Group in the first quarter valued at $63,000. AJOVista LLC purchased a new stake in REV Group in the fourth quarter valued at $68,000. Virtu Financial LLC purchased a new stake in REV Group in the fourth quarter valued at $187,000. Finally, SG Americas Securities LLC purchased a new stake in REV Group in the first quarter valued at $253,000.

REV Group Price Performance

Shares of REV Group stock traded up $0.68 during trading hours on Friday, reaching $24.58. The stock had a trading volume of 598,396 shares, compared to its average volume of 876,502. The stock’s 50 day moving average is $25.87 and its 200 day moving average is $22.08. The firm has a market capitalization of $1.28 billion, a PE ratio of 6.01 and a beta of 1.61. REV Group, Inc. has a twelve month low of $12.51 and a twelve month high of $28.59. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. REV Group had a net margin of 9.41% and a return on equity of 16.85%. The business had revenue of $616.90 million during the quarter, compared to the consensus estimate of $603.17 million. Equities analysts expect that REV Group, Inc. will post 1.45 earnings per share for the current fiscal year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.81%. REV Group’s dividend payout ratio (DPR) is presently 4.89%.

Wall Street Analysts Forecast Growth

REVG has been the topic of several recent research reports. Morgan Stanley initiated coverage on shares of REV Group in a report on Tuesday, June 11th. They issued an “equal weight” rating and a $29.50 price target on the stock. The Goldman Sachs Group upped their price target on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. Finally, StockNews.com lowered shares of REV Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, REV Group presently has a consensus rating of “Hold” and an average price target of $20.50.

REV Group Profile

REV Group, Inc, together with its subsidiaries, designs, manufactures, and distributes specialty vehicles, and related aftermarket parts and services in the United States, Canada, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment provides fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara, Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brand names; and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue, and Wheeled Coach brand names.