Legato Capital Management LLC Has $2.58 Million Stock Position in REV Group, Inc. (NYSE:REVG)

Legato Capital Management LLC trimmed its position in REV Group, Inc. (NYSE:REVG - Free Report) by 26.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,742 shares of the company's stock after selling 29,576 shares during the quarter. Legato Capital Management LLC owned approximately 0.16% of REV Group worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. KBC Group NV bought a new position in REV Group during the 1st quarter worth $33,000. New Age Alpha Advisors LLC acquired a new stake in shares of REV Group in the fourth quarter valued at $40,000. McIlrath & Eck LLC lifted its holdings in shares of REV Group by 31.5% during the fourth 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 purchased a new stake in shares of REV Group during the fourth quarter valued at $202,000. Finally, Cerity Partners LLC purchased a new stake in shares of REV Group during the fourth quarter valued at $205,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on REVG shares. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. The Goldman Sachs Group increased their price objective on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Finally, DA Davidson raised their target price on REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.25.

Insiders Place Their Bets

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction 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 of the company's stock, valued at $22,635,828.18. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

REV Group Stock Performance

Shares of REVG stock traded up $0.44 during mid-day trading on Friday, reaching $48.03. The stock had a trading volume of 437,595 shares, compared to its average volume of 660,734. The firm's 50 day simple moving average is $44.30 and its 200 day simple moving average is $36.60. 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, Inc. has a one year low of $21.54 and a one year high of $50.34. The firm has a market cap of $2.34 billion, a PE ratio of 25.55 and a beta of 1.17.

REV Group (NYSE:REVG - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.70 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 the consensus estimate of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%. REV Group's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. On average, analysts forecast that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.50%. REV Group's dividend payout ratio is 12.77%.

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.