REV Group, Inc. (NYSE:REVG) Shares Acquired by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management Inc. increased its stake in REV Group, acquiring an additional 6,603 shares, bringing its total holdings to 24,408 shares worth approximately $771,000.
• Several institutional investors, including FMR LLC and Invesco Ltd., have also raised their stakes in REV Group by significant margins during the 4th quarter.
• REV Group recently reported earnings of $0.70 per share, surpassing expectations, and announced a dividend of $0.06 per share, representing an annualized yield of 0.5%.

Envestnet Asset Management Inc. lifted its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 37.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,408 shares of the company's stock after acquiring an additional 6,603 shares during the quarter. Envestnet Asset Management Inc.'s holdings in REV Group were worth $771,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of REV Group by 3.8% during the 1st quarter. Bank of New York Mellon Corp now owns 264,605 shares of the company's stock worth $8,362,000 after buying an additional 9,746 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in REV Group in the first quarter valued at approximately $2,101,000. Principal Financial Group Inc. lifted its holdings in shares of REV Group by 1.6% during the first quarter. Principal Financial Group Inc. now owns 58,809 shares of the company's stock worth $1,858,000 after purchasing an additional 903 shares during the period. MorganRosel Wealth Management LLC lifted its holdings in shares of REV Group by 6.7% during the first quarter. MorganRosel Wealth Management LLC now owns 46,033 shares of the company's stock worth $1,455,000 after purchasing an additional 2,904 shares during the period. Finally, KBC Group NV acquired a new position in REV Group in the first quarter valued at $33,000.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on REVG shares. The Goldman Sachs Group increased their target price on shares of 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 upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. DA Davidson raised their target price on shares of REV Group from $51.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.25.

REV Group Stock Performance

NYSE:REVG traded up $0.12 during midday trading on Thursday, reaching $49.88. 523,163 shares of the company traded hands, compared to its average volume of 700,408. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $51.37. The company has a fifty day moving average price of $46.16 and a 200 day moving average price of $37.49. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 26.55 and a beta of 1.18.

REV Group (NYSE:REVG - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $603.51 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. REV Group's dividend payout ratio (DPR) is currently 12.77%.

Insider Activity at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer directly owned 516,446 shares of the company's stock, valued at $22,635,828.18. This trade represents a 15.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is currently owned by corporate insiders.

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.