Wealth Enhancement Advisory Services LLC Sells 45,341 Shares of REV Group, Inc. $REVG

Wealth Enhancement Advisory Services LLC lessened its position in shares of REV Group, Inc. (NYSE:REVG) by 14.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,036 shares of the company’s stock after selling 45,341 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.53% of REV Group worth $14,169,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in REVG. Canada Pension Plan Investment Board bought a new stake in REV Group in the 2nd quarter valued at about $38,000. Farther Finance Advisors LLC boosted its position in REV Group by 19.1% during the third quarter. Farther Finance Advisors LLC now owns 1,131 shares of the company’s stock worth $64,000 after purchasing an additional 181 shares during the period. AlphaQuest LLC increased its stake in shares of REV Group by 5,215.4% in the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after purchasing an additional 1,356 shares in the last quarter. USA Financial Formulas purchased a new position in shares of REV Group in the third quarter worth about $79,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of REV Group in the third quarter valued at approximately $167,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $55.00 price objective (down from $64.00) on shares of REV Group in a report on Monday, December 1st. Weiss Ratings restated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. Morgan Stanley set a $55.00 price target on REV Group in a report on Tuesday, November 4th. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $68.00 to $57.00 in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $49.25.

REV Group Stock Up 1.6%

Shares of NYSE:REVG opened at $68.97 on Friday. The firm has a fifty day moving average price of $59.83 and a two-hundred day moving average price of $56.07. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 36.11 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 0.49. REV Group, Inc. has a one year low of $26.51 and a one year high of $69.92.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The company had revenue of $664.40 million for the quarter, compared to the consensus estimate of $646.77 million. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. Analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, December 24th. REV Group’s dividend payout ratio (DPR) is 12.57%.

About REV Group

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.