New York Life Investment Management LLC Purchases New Shares in REV Group, Inc. $REVG

New York Life Investment Management LLC purchased a new stake in REV Group, Inc. (NYSE:REVG) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 64,290 shares of the company’s stock, valued at approximately $3,909,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in REV Group by 70.0% during the 4th quarter. Allworth Financial LP now owns 425 shares of the company’s stock worth $26,000 after purchasing an additional 175 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in REV Group by 298.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 546 shares of the company’s stock worth $31,000 after purchasing an additional 409 shares during the last quarter. IFP Advisors Inc boosted its stake in REV Group by 798.5% during the 3rd quarter. IFP Advisors Inc now owns 593 shares of the company’s stock worth $34,000 after purchasing an additional 527 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in REV Group during the 2nd quarter worth $38,000. Finally, Covestor Ltd boosted its stake in REV Group by 22,600.0% during the 3rd quarter. Covestor Ltd now owns 681 shares of the company’s stock worth $39,000 after purchasing an additional 678 shares during the last quarter.

REV Group Stock Performance

Shares of REVG opened at $63.90 on Monday. REV Group, Inc. has a 52-week low of $31.05 and a 52-week high of $69.92. The company has a quick ratio of 0.49, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $63.90 and its two-hundred day moving average is $61.62. The stock has a market cap of $3.12 billion, a PE ratio of 33.46 and a beta of 1.14.

REV Group Company Profile

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.