Rhumbline Advisers Buys 4,050 Shares of REV Group, Inc. (NYSE:REVG)

Rhumbline Advisers raised its holdings in shares of REV Group, Inc. (NYSE:REVG) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,180 shares of the company’s stock after purchasing an additional 4,050 shares during the period. Rhumbline Advisers owned 0.15% of REV Group worth $2,376,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC boosted its stake in REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock worth $46,000 after purchasing an additional 344 shares during the last quarter. Bank of Montreal Can lifted its position in REV Group by 9.1% in the fourth quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock valued at $261,000 after acquiring an additional 682 shares during the last quarter. Vident Advisory LLC lifted its stake in REV Group by 5.2% in the fourth quarter. Vident Advisory LLC now owns 16,348 shares of the company’s stock valued at $521,000 after buying an additional 805 shares during the last quarter. Dark Forest Capital Management LP increased its stake in REV Group by 9.9% in the 4th quarter. Dark Forest Capital Management LP now owns 10,427 shares of the company’s stock valued at $332,000 after buying an additional 935 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in REV Group by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,206 shares of the company’s stock worth $931,000 after buying an additional 1,109 shares during the period.

Insider Transactions at REV Group

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the sale, the chief executive officer now directly owns 516,446 shares in the company, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on REVG shares. Morgan Stanley lowered REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, April 16th. Wall Street Zen raised shares of REV Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. The Goldman Sachs Group increased their price target on REV Group from $26.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, May 27th. Finally, DA Davidson raised their price target on shares of REV Group from $39.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.00.

REV Group Stock Performance

REV Group stock opened at $44.31 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week high of $46.10. The firm’s 50 day simple moving average is $36.36 and its 200-day simple moving average is $33.61. The company has a market cap of $2.16 billion, a P/E ratio of 9.87 and a beta of 1.12.

REV Group (NYSE:REVG) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. REV Group had a net margin of 10.82% and a return on equity of 17.74%. The business had revenue of $629.10 million for the quarter, compared to the consensus estimate of $603.51 million. During the same quarter last year, the firm earned $0.39 EPS. REV Group’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%. REV Group’s payout ratio is presently 12.77%.

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.