REV Group, Inc. (NYSE:REVG) Position Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of REV Group, Inc. (NYSE:REVG) by 1.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,809 shares of the company’s stock after purchasing an additional 903 shares during the period. Principal Financial Group Inc. owned 0.11% of REV Group worth $1,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of REVG. Commonwealth Equity Services LLC raised its holdings in shares of REV Group by 30.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,180 shares of the company’s stock worth $324,000 after purchasing an additional 2,362 shares during the period. Natixis Advisors LLC increased its holdings in shares of REV Group by 22.4% in the 4th quarter. Natixis Advisors LLC now owns 55,704 shares of the company’s stock worth $1,775,000 after acquiring an additional 10,207 shares during the period. American Century Companies Inc. increased its holdings in shares of REV Group by 29.2% in the 4th quarter. American Century Companies Inc. now owns 144,526 shares of the company’s stock worth $4,606,000 after acquiring an additional 32,651 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of REV Group in the 4th quarter worth about $364,000. Finally, Vanguard Group Inc. increased its holdings in shares of REV Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company’s stock worth $166,965,000 after acquiring an additional 39,323 shares during the period.

Insider Buying and Selling at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.83, for a total value of $4,058,701.83. Following the completion of the transaction, the chief executive officer directly owned 516,446 shares in the company, valued at $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of REV Group from $39.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. The Goldman Sachs Group increased their price objective on shares of REV Group from $26.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, May 27th. Wall Street Zen upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Finally, Morgan Stanley upgraded shares of REV Group from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.25.

REV Group Stock Performance

Shares of REVG opened at $46.30 on Friday. The firm has a 50-day moving average price of $43.37 and a 200 day moving average price of $36.10. The firm has a market capitalization of $2.26 billion, a PE ratio of 24.63 and a beta of 1.17. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $50.34.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The firm had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. During the same quarter in the prior year, the firm posted $0.39 EPS. REV Group’s revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, June 27th. REV Group’s dividend payout ratio is presently 12.77%.

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.