Bank of New York Mellon Corp Has $8.36 Million Stock Position in REV Group, Inc. (NYSE:REVG)

Bank of New York Mellon Corp lifted its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,605 shares of the company's stock after purchasing an additional 9,746 shares during the quarter. Bank of New York Mellon Corp owned 0.51% of REV Group worth $8,362,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of REV Group by 30.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,180 shares of the company's stock worth $324,000 after buying an additional 2,362 shares in the last quarter. Natixis Advisors LLC grew its stake in REV Group by 22.4% in the fourth quarter. Natixis Advisors LLC now owns 55,704 shares of the company's stock valued at $1,775,000 after purchasing an additional 10,207 shares in the last quarter. American Century Companies Inc. grew its stake in REV Group by 29.2% in the fourth quarter. American Century Companies Inc. now owns 144,526 shares of the company's stock valued at $4,606,000 after purchasing an additional 32,651 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in REV Group in the fourth quarter valued at approximately $364,000. Finally, Vanguard Group Inc. grew its stake in REV Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company's stock valued at $166,965,000 after purchasing an additional 39,323 shares in the last quarter.

Analyst Ratings Changes

REVG has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. Finally, DA Davidson raised their price objective on REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.25.

REV Group Trading Up 0.9%

Shares of NYSE REVG traded up $0.44 during trading on Friday, reaching $48.03. The company had a trading volume of 437,595 shares, compared to its average volume of 660,734. The company's fifty day moving average price is $44.30 and its 200-day moving average price is $36.63. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $50.34. The stock has a market cap of $2.34 billion, a P/E ratio of 25.55 and a beta of 1.17. 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 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. The firm had revenue of $629.10 million for the quarter, compared to analyst estimates 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 was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, 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. Stockholders of record on Friday, June 27th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, June 27th. REV Group's dividend payout ratio is 12.77%.

Insider Activity

In other 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 directly owned 516,446 shares of the company's stock, valued at $22,635,828.18. The trade was a 15.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by corporate insiders.

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.