Janney Montgomery Scott LLC Sells 22,886 Shares of REV Group, Inc. (NYSE:REVG)

Janney Montgomery Scott LLC trimmed its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 74.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,814 shares of the company's stock after selling 22,886 shares during the period. Janney Montgomery Scott LLC's holdings in REV Group were worth $247,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of REVG. New Age Alpha Advisors LLC bought a new stake in shares of REV Group in the fourth quarter valued at about $40,000. McIlrath & Eck LLC lifted its stake in shares of REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after buying an additional 344 shares during the period. Pictet Asset Management Holding SA bought a new stake in shares of REV Group in the fourth quarter valued at about $202,000. Cerity Partners LLC bought a new stake in shares of REV Group in the fourth quarter valued at about $205,000. Finally, Bridgefront Capital LLC bought a new stake in shares of REV Group in the fourth quarter valued at about $216,000.

Insider Activity at REV Group

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 516,446 shares of the company's stock, valued at $22,635,828.18. This represents a 15.20% decrease in their ownership of the stock. The transaction 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 company insiders.

REV Group Price Performance

NYSE:REVG traded up $0.66 during mid-day trading on Friday, hitting $50.21. The company's stock had a trading volume of 452,476 shares, compared to its average volume of 685,158. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 26.71 and a beta of 1.17. The stock has a fifty day moving average of $40.62 and a 200-day moving average of $34.98. 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 fifty-two week low of $21.54 and a fifty-two week high of $50.29.

REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.13. The company had revenue of $629.10 million during the quarter, compared to analyst estimates 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 was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. As a group, equities analysts forecast that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. REV Group's dividend payout ratio (DPR) is currently 12.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of REV Group from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $33.00 to $46.00 in a research note on Wednesday, June 18th. DA Davidson increased their target price on shares of REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a research note 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 stock a "sell" rating in a research 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 research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, REV Group has an average rating of "Moderate Buy" and an average price target of $41.25.

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.