Nisa Investment Advisors LLC Lowers Position in REV Group, Inc. (NYSE:REVG)

Nisa Investment Advisors LLC cut its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 79.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,076 shares of the company's stock after selling 11,577 shares during the period. Nisa Investment Advisors LLC's holdings in REV Group were worth $77,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in REV Group by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 490,150 shares of the company's stock valued at $8,906,000 after purchasing an additional 68,047 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in REV Group in the first quarter worth about $2,010,000. GSA Capital Partners LLP purchased a new stake in REV Group in the first quarter worth about $1,049,000. Vanguard Group Inc. increased its position in REV Group by 56.3% during the 1st 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. Finally, Swiss National Bank raised its holdings in shares of REV Group by 73.8% in the 1st quarter. Swiss National Bank now owns 101,700 shares of the company's stock valued at $2,247,000 after purchasing an additional 43,200 shares in the last quarter.

REV Group Stock Down 0.4 %

NYSE:REVG traded down $0.12 during midday trading on Monday, reaching $30.59. 643,148 shares of the stock traded hands, compared to its average volume of 825,117. The stock has a market capitalization of $1.59 billion, a PE ratio of 7.48 and a beta of 1.61. REV Group, Inc. has a 12-month low of $12.71 and a 12-month high of $31.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.53 and a current ratio of 1.75. The business has a 50-day moving average of $26.88 and a two-hundred day moving average of $24.00.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.24 by $0.10. REV Group had a return on equity of 16.85% and a net margin of 9.41%. The firm had revenue of $616.90 million during the quarter, compared to analyst estimates of $603.17 million. On average, equities analysts forecast that REV Group, Inc. will post 1.45 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. REV Group's payout ratio is 4.89%.

Analyst Ratings Changes

REVG has been the topic of a number of recent research reports. Morgan Stanley began coverage on shares of REV Group in a research note on Tuesday, June 11th. They set an "equal weight" rating and a $29.50 price objective on the stock. StockNews.com downgraded REV Group from a "buy" rating to a "hold" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.50.

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.