Moody Aldrich Partners LLC Buys Shares of 66,475 REV Group, Inc. (NYSE:REVG)

Moody Aldrich Partners LLC bought a new stake in REV Group, Inc. (NYSE:REVG - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 66,475 shares of the company's stock, valued at approximately $2,101,000. Moody Aldrich Partners LLC owned 0.13% of REV Group at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in REVG. Principal Financial Group Inc. lifted its stake in shares of REV Group by 15.2% in the 4th quarter. Principal Financial Group Inc. now owns 57,906 shares of the company's stock valued at $1,845,000 after purchasing an additional 7,654 shares during the period. Victory Capital Management Inc. lifted its stake in shares of REV Group by 44.8% in the 4th quarter. Victory Capital Management Inc. now owns 42,480 shares of the company's stock valued at $1,354,000 after purchasing an additional 13,146 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of REV Group by 30.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,180 shares of the company's stock valued at $324,000 after purchasing an additional 2,362 shares during the period. Natixis Advisors LLC raised its position in REV Group by 22.4% during the fourth 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. Finally, RD Lewis Holdings Inc. acquired a new position in REV Group during the fourth quarter worth $228,000.

REV Group Price Performance

Shares of REV Group stock traded up $0.66 during trading hours on Friday, reaching $50.21. 452,476 shares of the company's stock were exchanged, compared to its average volume of 684,091. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $50.29. The company has a market capitalization of $2.45 billion, a P/E ratio of 26.71 and a beta of 1.17. The business has a fifty day moving average of $40.62 and a two-hundred day moving average of $34.96. 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 (NYSE:REVG - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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 business 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 earned $0.39 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, June 27th. REV Group's dividend payout ratio is currently 12.77%.

Insider Activity

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company'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 sale, the chief executive officer owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on REVG. The Goldman Sachs Group upped their price objective on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. DA Davidson upped their price objective on shares of REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. 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 raised shares of REV Group from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. One investment 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.25.

REV Group Company 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.