Foundry Partners LLC Takes Position in REV Group, Inc. (NYSE:REVG)

Foundry Partners LLC bought a new position in REV Group, Inc. (NYSE:REVG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 136,737 shares of the company's stock, valued at approximately $3,837,000. Foundry Partners LLC owned about 0.26% of REV Group at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of REVG. Vanguard Group Inc. grew its holdings in REV Group by 56.3% during the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company's stock worth $104,134,000 after acquiring an additional 1,698,502 shares during the period. Kennedy Capital Management LLC lifted its position in shares of REV Group by 161.8% in the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company's stock worth $20,940,000 after purchasing an additional 585,841 shares in the last quarter. Nicholas Investment Partners LP lifted its position in REV Group by 4.8% during the second quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company's stock worth $18,792,000 after purchasing an additional 34,555 shares during the period. AQR Capital Management LLC raised its position in shares of REV Group by 17.2% in the 2nd quarter. AQR Capital Management LLC now owns 416,603 shares of the company's stock worth $10,369,000 after acquiring an additional 61,111 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of REV Group in the 2nd quarter worth about $9,535,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on REVG. The Goldman Sachs Group lifted their target price on shares of REV Group from $22.00 to $25.00 and gave the company a "sell" rating in a report 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 issued a $33.00 price target on shares of REV Group in a research note on Thursday, September 5th.

REV Group Price Performance

REVG stock traded up $1.07 during midday trading on Friday, hitting $30.89. 317,624 shares of the stock were exchanged, compared to its average volume of 767,891. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 7.14 and a beta of 1.59. REV Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $31.85. 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 stock's 50-day moving average price is $28.18 and its 200-day moving average price is $27.33.

REV Group (NYSE:REVG - Get Free Report) last issued its earnings results on Wednesday, September 4th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. REV Group had a return on equity of 18.69% and a net margin of 9.92%. The business had revenue of $579.40 million during the quarter, compared to analysts' expectations of $618.70 million. During the same quarter last year, the firm posted $0.31 earnings per share. REV Group's revenue was down 14.8% compared to the same quarter last year. Research analysts predict that REV Group, Inc. will post 1.42 earnings per share for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, September 27th. REV Group's payout ratio 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.