GAMMA Investing LLC Increases Position in REV Group, Inc. (NYSE:REVG)

GAMMA Investing LLC boosted its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 3,639.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,051 shares of the company's stock after purchasing an additional 12,702 shares during the period. GAMMA Investing LLC's holdings in REV Group were worth $413,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in REV Group in the 4th quarter valued at approximately $40,000. McIlrath & Eck LLC increased its holdings in REV Group by 31.5% in the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after purchasing an additional 344 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in REV Group in the 4th quarter valued at approximately $202,000. Cerity Partners LLC acquired a new stake in REV Group in the 4th quarter valued at approximately $205,000. Finally, Bridgefront Capital LLC acquired a new stake in REV Group in the 4th quarter valued at approximately $216,000.

Insider Transactions at REV Group

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 value of $4,058,701.83. Following the completion of the sale, the chief executive officer now directly owns 516,446 shares of the company's stock, valued at $22,635,828.18. The trade was a 15.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company's stock.

REV Group Stock Down 1.5%

Shares of REV Group stock traded down $0.68 during trading on Friday, hitting $43.71. 773,571 shares of the stock were exchanged, compared to its average volume of 694,002. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 23.25 and a beta of 1.12. The firm's 50-day moving average price is $37.35 and its 200 day moving average price is $33.93. REV Group, Inc. has a 12-month low of $21.54 and a 12-month high of $46.10. 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 (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.13. The business had revenue of $629.10 million during the quarter, compared to analysts' expectations of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. As a group, analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company 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 dividend of $0.06 per share. The ex-dividend date is Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.55%. REV Group's dividend payout ratio (DPR) is currently 12.77%.

Analysts Set New Price Targets

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