66,475 Shares in REV Group, Inc. (NYSE:REVG) Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC bought a new position in REV Group, Inc. (NYSE:REVG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 66,475 shares of the company's stock, valued at approximately $2,101,000. Moody Aldrich Partners LLC owned about 0.13% of REV Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REVG. KBC Group NV acquired a new stake in REV Group in the 1st quarter worth approximately $33,000. New Age Alpha Advisors LLC acquired a new position in shares of REV Group during the fourth quarter worth approximately $40,000. McIlrath & Eck LLC lifted its holdings in shares of REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after buying an additional 344 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of REV Group during the fourth quarter worth approximately $202,000. Finally, Cerity Partners LLC acquired a new position in shares of REV Group during the fourth quarter worth approximately $205,000.

REV Group Price Performance

REV Group stock traded down $0.38 during mid-day trading on Monday, hitting $49.87. 796,842 shares of the company were exchanged, compared to its average volume of 685,605. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $40.62 and a 200 day moving average of $35.00. REV Group, Inc. has a 1-year low of $21.54 and a 1-year high of $51.36. The company has a market capitalization of $2.43 billion, a PE ratio of 26.53 and a beta of 1.17.

REV Group (NYSE:REVG - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The business's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, June 27th. REV Group's payout ratio is presently 12.77%.

Wall Street Analyst Weigh In

REVG has been the subject of a number of research analyst reports. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. The Goldman Sachs Group upped their price target on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. Finally, DA Davidson upped their target price on REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, REV Group currently has a consensus rating of "Moderate Buy" and an average target price of $41.25.

Insider Activity at REV Group

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the 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 sale, the chief executive officer owned 516,446 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company's stock.

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.