Legato Capital Management LLC Decreases Stock Position in REV Group, Inc. (NYSE:REVG)

Legato Capital Management LLC lowered its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,742 shares of the company's stock after selling 29,576 shares during the period. Legato Capital Management LLC owned about 0.16% of REV Group worth $2,583,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. KBC Group NV acquired a new stake in shares of REV Group in the 1st quarter valued at about $33,000. New Age Alpha Advisors LLC acquired a new stake in REV Group during the 4th quarter worth approximately $40,000. McIlrath & Eck LLC lifted its position in REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after acquiring an additional 344 shares during the period. Pictet Asset Management Holding SA acquired a new stake in REV Group during the 4th quarter worth approximately $202,000. Finally, Cerity Partners LLC purchased a new position in shares of REV Group during the 4th quarter worth approximately $205,000.

Insider Activity at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company'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 transaction, the chief executive officer owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

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

REV Group Price Performance

Shares of REVG stock opened at $47.18 on Wednesday. The stock's 50-day simple moving average is $43.72 and its 200-day simple moving average is $36.32. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 25.09 and a beta of 1.17. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week high of $50.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66.

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

REV Group Dividend Announcement

The company also recently disclosed 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. 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 0.51%. REV Group's 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.

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