19,392 Shares in REV Group, Inc. (NYSE:REVG) Acquired by Koss Olinger Consulting LLC

Key Points

• Koss Olinger Consulting LLC acquired a new stake in REV Group, Inc., purchasing 19,392 shares valued at approximately $613,000 in the 1st quarter.
• CEO Mark A. Skonieczny sold 92,601 shares of the company's stock for over $4 million, resulting in a 15.20% decrease in his ownership.
• REV Group reported earnings of $0.70 per share for the quarter, exceeding analysts' estimates and marking a revenue increase of 2.0% compared to the same quarter last year.

Koss Olinger Consulting LLC purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,392 shares of the company's stock, valued at approximately $613,000.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in REV Group by 249.5% during the fourth quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company's stock valued at $6,102,000 after purchasing an additional 136,700 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in REV Group in the fourth quarter worth about $202,000. Arrowstreet Capital Limited Partnership acquired a new stake in REV Group in the fourth quarter worth about $289,000. Geode Capital Management LLC boosted its holdings in REV Group by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock worth $44,121,000 after acquiring an additional 79,243 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in REV Group by 375.1% in the fourth quarter. Wells Fargo & Company MN now owns 97,732 shares of the company's stock worth $3,115,000 after acquiring an additional 77,163 shares in the last quarter.

REV Group Price Performance

Shares of REV Group stock traded down $0.36 on Thursday, reaching $53.30. The company's stock had a trading volume of 51,633 shares, compared to its average volume of 698,971. The company has a market capitalization of $2.60 billion, a P/E ratio of 28.35 and a beta of 1.18. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $53.75. The stock has a 50-day moving average price of $47.45 and a 200-day moving average price of $38.04. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36.

REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 23.99% and a net margin of 4.16%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. Analysts expect that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, June 27th. REV Group's payout ratio is presently 12.77%.

Insider Activity 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 stock was sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the sale, the chief executive officer directly owned 516,446 shares in the company, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. DA Davidson raised their price objective on REV Group from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, one has issued 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 currently has an average rating of "Moderate Buy" and an average price target of $42.25.

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.