Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in REV Group, Inc. (NYSE:REVG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of REV Group, Inc. (NYSE:REVG) by 18.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,842 shares of the company’s stock after purchasing an additional 2,739 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in REV Group were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Royce & Associates LP purchased a new position in REV Group during the first quarter worth about $1,995,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in REV Group during the first quarter worth about $293,000. Foundry Partners LLC raised its stake in REV Group by 1.4% during the first quarter. Foundry Partners LLC now owns 147,569 shares of the company’s stock worth $4,663,000 after purchasing an additional 1,996 shares during the period. Victory Capital Management Inc. raised its stake in REV Group by 108.3% during the first quarter. Victory Capital Management Inc. now owns 88,470 shares of the company’s stock worth $2,796,000 after purchasing an additional 45,990 shares during the period. Finally, CWM LLC raised its stake in REV Group by 35.2% during the first quarter. CWM LLC now owns 14,317 shares of the company’s stock worth $452,000 after purchasing an additional 3,729 shares during the period.

Insider Buying and Selling at REV Group

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock in a transaction that occurred on 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 owned 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

REV Group Price Performance

REV Group stock opened at $49.69 on Thursday. The company’s 50 day simple moving average is $46.16 and its 200-day simple moving average is $37.49. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 26.43 and a beta of 1.18. REV Group, Inc. has a 1 year low of $21.54 and a 1 year 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.

REV Group (NYSE:REVG) last announced its quarterly earnings data 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. The firm had revenue of $629.10 million during the quarter, compared to analysts’ expectations of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, equities research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.06 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. REV Group’s payout ratio is 12.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on REVG shares. The Goldman Sachs Group lifted their target price on shares of REV Group from $26.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, May 27th. Wall Street Zen raised shares of REV Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. DA Davidson boosted their price target on shares of REV Group from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Morgan Stanley raised shares of REV Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $33.00 to $46.00 in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.25.

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.