GAMMA Investing LLC Buys 12,702 Shares of REV Group, Inc. (NYSE:REVG)

GAMMA Investing LLC grew its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 3,639.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,051 shares of the company's stock after buying 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC lifted its holdings in shares of REV Group by 26.7% in the 4th quarter. FMR LLC now owns 7,819,739 shares of the company's stock worth $249,215,000 after acquiring an additional 1,646,293 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of REV Group by 43.4% in the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock worth $55,185,000 after acquiring an additional 524,369 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in REV Group during the 4th quarter valued at $9,749,000. SG Capital Management LLC purchased a new stake in REV Group during the 4th quarter valued at $8,203,000. Finally, JPMorgan Chase & Co. boosted its position in REV Group by 249.5% during the 4th quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company's stock valued at $6,102,000 after buying an additional 136,700 shares during the period.

Analyst Ratings Changes

Several brokerages have weighed in on REVG. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. DA Davidson increased their price target on shares of REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. The Goldman Sachs Group increased their price target 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. Finally, Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, REV Group has a consensus rating of "Moderate Buy" and a consensus price target of $41.25.

REV Group Trading Up 1.5%

NYSE REVG traded up $0.64 during trading on Monday, hitting $44.37. The company had a trading volume of 686,532 shares, compared to its average volume of 692,780. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. REV Group, Inc. has a one year low of $21.54 and a one year high of $46.10. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 23.60 and a beta of 1.12. The company's fifty day moving average is $37.60 and its 200-day moving average is $34.06.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The business had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. During the same period in the prior year, the business earned $0.39 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

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 given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Friday, June 27th. REV Group's dividend payout ratio is presently 12.77%.

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 that occurred 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 now directly owns 516,446 shares in the company, valued at $22,635,828.18. The trade was a 15.20% decrease in their position. The sale 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.

REV Group 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.