REV Group (NYSE:REVG) Hits New 12-Month High – What’s Next?

REV Group, Inc. (NYSE:REVG) shares hit a new 52-week high on Wednesday . The company traded as high as $35.96 and last traded at $34.08, with a volume of 529487 shares trading hands. The stock had previously closed at $29.60.

Analyst Ratings Changes

Several research firms have recently commented on REVG. StockNews.com lowered shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group upped 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. Finally, DA Davidson restated a “buy” rating and set a $33.00 target price on shares of REV Group in a research note on Thursday, September 5th.

REV Group Trading Up 17.4 %

The stock has a fifty day moving average price of $29.03 and a 200 day moving average price of $27.81. The stock has a market cap of $1.81 billion, a PE ratio of 8.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85.

Institutional Trading of REV Group

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

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.