REV Group, Inc. (NYSE:REVG) Shares Bought by Brightline Capital Management LLC

Brightline Capital Management LLC raised its position in REV Group, Inc. (NYSE:REVG) by 0.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 648,000 shares of the company’s stock after buying an additional 1,000 shares during the quarter. REV Group comprises about 7.7% of Brightline Capital Management LLC’s portfolio, making the stock its 4th largest holding. Brightline Capital Management LLC’s holdings in REV Group were worth $18,183,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of REV Group by 56.3% in the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock worth $104,134,000 after purchasing an additional 1,698,502 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in REV Group in the 1st quarter valued at $1,492,000. Public Employees Retirement System of Ohio increased its holdings in REV Group by 17.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 31,006 shares of the company’s stock worth $685,000 after purchasing an additional 4,688 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of REV Group by 56.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 380,247 shares of the company’s stock valued at $8,400,000 after purchasing an additional 137,943 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in REV Group by 56.7% during the first quarter. California State Teachers Retirement System now owns 49,518 shares of the company’s stock worth $1,094,000 after acquiring an additional 17,914 shares during the period.

Analyst Ratings Changes

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

REV Group Price Performance

Shares of NYSE REVG traded down $1.10 during midday trading on Wednesday, reaching $30.85. 340,087 shares of the stock traded hands, compared to its average volume of 476,943. REV Group, Inc. has a one year low of $14.87 and a one year high of $32.74. 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’s 50 day moving average is $28.38 and its 200 day moving average is $27.49. The stock has a market capitalization of $1.60 billion, a PE ratio of 7.36 and a beta of 1.59.

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

REV Group Announces Dividend

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