Anthracite Investment Company Inc. Purchases Shares of 225,719 REV Group, Inc. (NYSE:REVG)

Anthracite Investment Company Inc. bought a new stake in REV Group, Inc. (NYSE:REVG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 225,719 shares of the company's stock, valued at approximately $6,334,000. REV Group makes up 2.8% of Anthracite Investment Company Inc.'s holdings, making the stock its 5th largest position. Anthracite Investment Company Inc. owned 0.43% of REV Group at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in REVG. Vanguard Group Inc. lifted its stake in shares of REV Group by 56.3% in the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company's stock valued at $104,134,000 after purchasing an additional 1,698,502 shares during the period. Kennedy Capital Management LLC raised its position in REV Group by 161.8% in the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company's stock valued at $20,940,000 after purchasing an additional 585,841 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of REV Group in the second quarter valued at $9,535,000. Hood River Capital Management LLC acquired a new position in shares of REV Group in the first quarter worth about $8,240,000. Finally, Bessemer Group Inc. acquired a new stake in shares of REV Group in the 1st quarter valued at about $6,293,000.

Analysts Set New Price Targets

A number of brokerages recently commented on REVG. The Goldman Sachs Group upped their price objective on REV Group from $22.00 to $25.00 and gave the stock a "sell" rating in a research note on Thursday, September 5th. StockNews.com downgraded REV Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 5th. Finally, DA Davidson reaffirmed a "buy" rating and set a $33.00 target price on shares of REV Group in a research report on Thursday, September 5th.

REV Group Price Performance

REV Group stock traded down $0.02 on Wednesday, reaching $29.21. The company's stock had a trading volume of 371,117 shares, compared to its average volume of 772,065. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 6.97 and a beta of 1.59. REV Group, Inc. has a twelve month low of $14.72 and a twelve month high of $31.85. The business's fifty day moving average price is $28.12 and its 200 day moving average price is $27.31.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The business had revenue of $579.40 million for the quarter, compared to analyst estimates of $618.70 million. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The firm's revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities analysts expect that REV Group, Inc. will post 1.42 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, October 11th. Stockholders of record on Friday, September 27th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, September 27th. REV Group's dividend payout ratio (DPR) is presently 4.77%.

About REV Group

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.