Asset Management One Co. Ltd. Sells 12,361 Shares of REV Group, Inc. (NYSE:REVG)

Asset Management One Co. Ltd. lowered its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 18.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,939 shares of the company's stock after selling 12,361 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.10% of REV Group worth $1,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC acquired a new position in REV Group in the fourth quarter valued at approximately $513,000. SG Americas Securities LLC lifted its position in shares of REV Group by 300.6% in the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock worth $480,000 after purchasing an additional 11,391 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in REV Group by 32.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock valued at $11,120,000 after purchasing an additional 86,703 shares during the last quarter. Aquatic Capital Management LLC bought a new position in REV Group in the fourth quarter valued at approximately $474,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of REV Group in the 4th quarter valued at approximately $526,000.

Analyst Ratings Changes

Several research analysts have recently commented on the company. DA Davidson lifted their target price on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Morgan Stanley upgraded shares of REV Group from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. 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 report on Tuesday, May 27th. Finally, Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, REV Group presently has a consensus rating of "Moderate Buy" and an average price target of $41.25.

REV Group Trading Up 1.3%

Shares of REVG stock traded up $0.66 during mid-day trading on Thursday, reaching $50.21. 452,476 shares of the stock traded hands, compared to its average volume of 682,428. The stock's fifty day simple moving average is $39.90 and its two-hundred day simple moving average is $34.73. 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, Inc. has a 1-year low of $21.54 and a 1-year high of $50.27. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 26.71 and a beta of 1.17.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The firm had revenue of $629.10 million for the quarter, compared to analyst estimates of $603.51 million. During the same quarter in the previous year, the company posted $0.39 EPS. The business's revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a $0.06 dividend. 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 dividend payout ratio (DPR) is presently 12.77%.

Insiders Place Their Bets

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.83, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company's stock.

About REV Group

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.