Cerity Partners LLC Has $300,000 Position in REV Group, Inc. (NYSE:REVG)

Cerity Partners LLC increased its position in REV Group, Inc. (NYSE:REVG) by 46.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,500 shares of the company’s stock after buying an additional 3,026 shares during the quarter. Cerity Partners LLC’s holdings in REV Group were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. McIlrath & Eck LLC increased its stake in shares of REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock valued at $46,000 after buying an additional 344 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of REV Group by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company’s stock valued at $989,000 after buying an additional 414 shares during the period. Bank of Montreal Can increased its stake in shares of 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 buying an additional 682 shares during the period. Vident Advisory LLC increased its stake in shares of 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 period. Finally, Principal Financial Group Inc. increased its stake in shares of REV Group by 1.6% in the first quarter. Principal Financial Group Inc. now owns 58,809 shares of the company’s stock valued at $1,858,000 after buying an additional 903 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen raised REV Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Morgan Stanley upgraded shares of REV Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. The Goldman Sachs Group raised their price target 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. Finally, DA Davidson raised their price target on shares of REV Group from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Insiders Place Their Bets

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 516,446 shares in the company, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

REV Group Stock Up 0.9%

REV Group stock opened at $48.03 on Monday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 25.55 and a beta of 1.17. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $50.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66. The firm has a 50 day moving average price of $44.30 and a two-hundred day moving average price of $36.65.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. The company had revenue of $629.10 million during the quarter, compared to the consensus estimate of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Equities analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, June 27th. REV Group’s dividend payout ratio (DPR) 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.