Moody National Bank Trust Division Has $1.46 Million Stake in REV Group, Inc. $REVG

by · The Cerbat Gem

Moody National Bank Trust Division reduced its position in shares of REV Group, Inc. (NYSE:REVG – Free Report) by 46.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,695 shares of the company’s stock after selling 22,236 shares during the quarter. Moody National Bank Trust Division’s holdings in REV Group were worth $1,456,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. RD Lewis Holdings Inc. boosted its position in shares of REV Group by 3.0% in the second quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock worth $345,000 after buying an additional 200 shares during the period. Ameritas Investment Partners Inc. lifted its stake in REV Group by 4.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,249 shares of the company’s stock worth $250,000 after acquiring an additional 218 shares in the last quarter. Osaic Holdings Inc. boosted its position in REV Group by 2.6% during the 2nd quarter. Osaic Holdings Inc. now owns 9,545 shares of the company’s stock worth $454,000 after acquiring an additional 239 shares during the period. Police & Firemen s Retirement System of New Jersey grew its stake in REV Group by 2.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,515 shares of the company’s stock valued at $548,000 after acquiring an additional 289 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its holdings in shares of REV Group by 2.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the company’s stock valued at $557,000 after purchasing an additional 300 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on REVG. Morgan Stanley set a $55.00 price target on shares of REV Group in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of REV Group in a research report on Wednesday, October 8th. DA Davidson cut 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. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 price target (down from $64.00) on shares of REV Group in a research note on Monday, December 1st. Finally, Zacks Research lowered REV Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.25.

Read Our Latest Analysis on REV Group

REV Group Stock Performance

REVG stock opened at $59.35 on Thursday. The firm has a 50 day moving average of $55.27 and a two-hundred day moving average of $52.55. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $64.47. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 31.07 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.

REV Group (NYSE:REVG – Get Free Report) last released its quarterly earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. REV Group had a net margin of 3.86% and a return on equity of 31.67%. The business had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. During the same quarter last year, the firm earned $0.51 EPS. REV Group’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. REV Group’s payout ratio is currently 12.57%.

REV Group Profile

(Free Report)

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.

See Also

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