Northern Trust Corp Raises Holdings in REV Group, Inc. $REVG

Northern Trust Corp raised its holdings in REV Group, Inc. (NYSE:REVG) by 0.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 489,347 shares of the company’s stock after purchasing an additional 1,343 shares during the quarter. Northern Trust Corp owned 0.95% of REV Group worth $15,463,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Millennium Management LLC purchased a new stake in REV Group in the 4th quarter valued at about $513,000. SG Americas Securities LLC raised its stake in shares of REV Group by 300.6% in the 1st quarter. SG Americas Securities LLC now owns 15,181 shares of the company’s stock valued at $480,000 after acquiring an additional 11,391 shares during the period. Speece Thorson Capital Group Inc. purchased a new stake in shares of REV Group in the 1st quarter valued at approximately $4,842,000. American Century Companies Inc. lifted its holdings in shares of REV Group by 345.5% in the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock worth $20,346,000 after acquiring an additional 499,328 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of REV Group by 32.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company’s stock worth $11,120,000 after purchasing an additional 86,703 shares during the period.

Insider Activity

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.83, for a total value of $4,058,701.83. Following the transaction, the chief executive officer owned 516,446 shares in the company, valued at $22,635,828.18. The trade was a 15.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

REV Group Price Performance

Shares of REVG opened at $51.77 on Wednesday. The firm’s fifty day simple moving average is $49.77 and its 200-day simple moving average is $39.92. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 27.54 and a beta of 1.15. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $54.68.

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

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, June 27th. REV Group’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

A number of brokerages have issued reports on REVG. Wall Street Zen raised REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. DA Davidson boosted their price objective on REV Group from $51.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. The Goldman Sachs Group increased their target price on REV Group from $26.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, May 27th. Finally, Morgan Stanley upgraded REV Group from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $33.00 to $46.00 in a report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, REV Group has an average rating of “Hold” and an average target price 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.