REV Group, Inc. (NYSE:REVG) Stock Holdings Boosted by Brightline Capital Management LLC

Brightline Capital Management LLC boosted its stake in REV Group, Inc. (NYSE:REVG) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 648,000 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. REV Group makes up 7.7% of Brightline Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Brightline Capital Management LLC owned about 1.25% of REV Group worth $18,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Amalgamated Bank lifted its stake in shares of REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after purchasing an additional 716 shares during the period. Farther Finance Advisors LLC boosted its holdings in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after buying an additional 461 shares during the period. CWM LLC raised its position in shares of REV Group by 525.6% during the second quarter. CWM LLC now owns 4,010 shares of the company’s stock valued at $100,000 after buying an additional 3,369 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in REV Group by 257.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after buying an additional 5,420 shares during the last quarter. Finally, Atria Investments Inc purchased a new position in REV Group in the third quarter worth about $201,000.

REV Group Price Performance

REV Group stock traded down $1.10 during trading hours on Wednesday, hitting $30.85. The stock had a trading volume of 340,087 shares, compared to its average volume of 476,943. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. REV Group, Inc. has a 1-year low of $14.87 and a 1-year high of $32.74. The stock’s fifty day moving average is $28.38 and its two-hundred day moving average is $27.49. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 7.36 and a beta of 1.59.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, September 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $579.40 million during 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 company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, analysts predict that REV Group, Inc. will post 1.42 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. REV Group’s dividend payout ratio (DPR) is currently 4.77%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. The Goldman Sachs Group increased 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 cut REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, DA Davidson reissued a “buy” rating and issued a $33.00 price target on shares of REV Group in a research note on Thursday, September 5th.

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.