99,977 Shares in REV Group, Inc. (NYSE:REVG) Bought by Moran Wealth Management LLC

Moran Wealth Management 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 99,977 shares of the company's stock, valued at approximately $2,805,000. Moran Wealth Management LLC owned about 0.19% of REV Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in REVG. Vanguard Group Inc. grew its position in REV Group by 56.3% during the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company's stock valued at $104,134,000 after buying an additional 1,698,502 shares during the period. Kennedy Capital Management LLC grew its position in REV Group by 161.8% during the first quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company's stock valued at $20,940,000 after buying an additional 585,841 shares during the period. Nicholas Investment Partners LP grew 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 valued at $18,792,000 after buying an additional 34,555 shares during the period. AQR Capital Management LLC grew its position in REV Group by 17.2% during the second quarter. AQR Capital Management LLC now owns 416,603 shares of the company's stock valued at $10,369,000 after buying an additional 61,111 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in REV Group during the second quarter valued at approximately $9,535,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on REVG. The Goldman Sachs Group lifted their price target 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. DA Davidson reaffirmed a "buy" rating and set a $33.00 price target on shares of REV Group in a report on Thursday, September 5th. Finally, StockNews.com downgraded shares of REV Group from a "buy" rating to a "hold" rating in a report on Thursday, September 5th.

REV Group Price Performance

Shares of REVG stock traded up $1.07 during mid-day trading on Friday, hitting $30.89. The company had a trading volume of 317,624 shares, compared to its average volume of 767,891. REV Group, Inc. has a 52-week low of $14.87 and a 52-week high of $31.85. The stock's 50 day moving average price is $28.18 and its 200-day moving average price is $27.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. The company has a market capitalization of $1.61 billion, a P/E ratio of 7.14 and a beta of 1.59.

REV Group (NYSE:REVG - Get Free Report) last released 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 net margin of 9.92% and a return on equity of 18.69%. The firm had revenue of $579.40 million for the quarter, compared to the consensus estimate of $618.70 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The company's quarterly revenue was down 14.8% compared to the same quarter last year. Equities research analysts forecast that REV Group, Inc. will post 1.42 earnings per share for the current year.

REV Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Friday, September 27th. REV Group's dividend payout ratio is presently 4.77%.

REV Group Company 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.