Anthracite Investment Company Inc. Makes New $6.33 Million Investment in REV Group, Inc. (NYSE:REVG)

Anthracite Investment Company Inc. acquired a new stake in shares of REV Group, Inc. (NYSE:REVG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 225,719 shares of the company’s stock, valued at approximately $6,334,000. REV Group accounts for 2.8% of Anthracite Investment Company Inc.’s investment portfolio, making the stock its 5th largest holding.

Several other institutional investors have also modified their holdings of REVG. Vanguard Group Inc. increased 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 acquiring an additional 1,698,502 shares during the last quarter. Kennedy Capital Management LLC grew its position in REV Group by 161.8% in the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock valued at $20,940,000 after acquiring an additional 585,841 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in REV Group in the second quarter worth $9,535,000. Hood River Capital Management LLC bought a new stake in shares of REV Group during the first quarter worth $8,240,000. Finally, Bessemer Group Inc. purchased a new position in REV Group in the 1st quarter worth about $6,293,000.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on REVG shares. StockNews.com downgraded shares of REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. DA Davidson reissued a “buy” rating and set a $33.00 price target on shares of REV Group in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group lifted their price objective on REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, September 5th.

REV Group Stock Down 1.4 %

REV Group stock opened at $29.22 on Wednesday. REV Group, Inc. has a twelve month low of $14.72 and a twelve month high of $31.85. The business has a fifty day moving average of $28.06 and a two-hundred day moving average of $27.30. The firm has a market cap of $1.52 billion, a P/E ratio of 6.97 and a beta of 1.59. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $579.40 million for the quarter, compared to the consensus estimate of $618.70 million. REV Group had a net margin of 9.92% and a return on equity of 18.69%. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, analysts forecast that REV Group, Inc. will post 1.42 earnings per share for the current fiscal year.

REV Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. REV Group’s payout ratio is 4.77%.

REV Group 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.