Semanteon Capital Management LP Purchases New Stake in REV Group, Inc. (NYSE:REVG)

Semanteon Capital Management LP bought a new position in shares of REV Group, Inc. (NYSE:REVG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 23,992 shares of the company’s stock, valued at approximately $436,000.

Several other institutional investors have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new position in REV Group during the fourth quarter worth about $39,000. National Bank of Canada FI raised its stake in REV Group by 236.8% during the third quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock worth $55,000 after acquiring an additional 2,368 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in REV Group by 6.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,121 shares of the company’s stock worth $754,000 after acquiring an additional 2,947 shares in the last quarter. Bank of New York Mellon Corp raised its stake in REV Group by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 324,516 shares of the company’s stock worth $5,192,000 after acquiring an additional 3,820 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in REV Group by 6.9% during the fourth quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company’s stock worth $1,086,000 after acquiring an additional 3,853 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on REVG. StockNews.com downgraded REV Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group upped their price objective on REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.60.

REV Group Stock Performance

Shares of REV Group stock traded down $0.51 on Friday, hitting $21.24. The stock had a trading volume of 477,964 shares, compared to its average volume of 867,070. The stock has a 50 day moving average of $20.60 and a 200 day moving average of $18.07. REV Group, Inc. has a twelve month low of $9.85 and a twelve month high of $23.85. The firm has a market capitalization of $1.10 billion, a P/E ratio of 5.37 and a beta of 1.70.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.15 by $0.10. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The business had revenue of $586.00 million for the quarter, compared to analysts’ expectations of $579.42 million. During the same period in the prior year, the business posted $0.04 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Equities analysts expect that REV Group, Inc. will post 1.35 earnings per share for the current year.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.94%. The ex-dividend date was Wednesday, March 27th. REV Group’s payout ratio is presently 4.94%.

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.