REV Group, Inc. (NYSE:REVG) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 74.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of REVG. FMR LLC raised its stake 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 valued at $249,215,000 after acquiring an additional 1,646,293 shares during the period. Vanguard Group Inc. raised its stake in shares of REV Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company's stock valued at $166,965,000 after acquiring an additional 39,323 shares during the period. Invesco Ltd. raised its stake 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 valued at $55,185,000 after acquiring an additional 524,369 shares during the period. Geode Capital Management LLC raised its stake in shares of REV Group by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock valued at $44,121,000 after acquiring an additional 79,243 shares during the period. Finally, Brightline Capital Management LLC raised its stake in shares of REV Group by 1.2% in the 4th quarter. Brightline Capital Management LLC now owns 656,000 shares of the company's stock valued at $20,907,000 after acquiring an additional 8,000 shares during the period.

Insiders Place Their Bets

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 transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

REV Group Stock Down 1.1%

REV Group stock traded down $0.56 during midday trading on Wednesday, hitting $49.12. 831,388 shares of the stock were exchanged, compared to its average volume of 687,204. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $50.34. The firm has a market cap of $2.40 billion, a P/E ratio of 26.13 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. The company has a 50 day moving average price of $41.65 and a two-hundred day moving average price of $35.32.

REV Group (NYSE:REVG - Get Free Report) last announced 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 firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. On average, sell-side analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, June 27th. REV Group's dividend payout ratio is currently 12.77%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on REVG. The Goldman Sachs Group raised their target price on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. DA Davidson lifted 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. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. Finally, Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, REV Group presently has an average rating of "Moderate Buy" and a consensus 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.