Lisanti Capital Growth LLC Takes $1.29 Million Position in REV Group, Inc. (NYSE:REVG)

Lisanti Capital Growth LLC bought a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,795 shares of the company's stock, valued at approximately $1,289,000. Lisanti Capital Growth LLC owned about 0.08% of REV Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of REV Group by 26.7% during 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 last quarter. Vanguard Group Inc. boosted its position in shares of REV Group by 0.8% during 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 last quarter. Invesco Ltd. boosted its position in shares of REV Group by 43.4% during 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 last quarter. Geode Capital Management LLC boosted its position in shares of REV Group by 6.1% during 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 last quarter. Finally, Brightline Capital Management LLC boosted its position in shares of REV Group by 1.2% during 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 last quarter.

REV Group Stock Up 1.6%

Shares of REVG opened at $46.50 on Friday. The company has a market cap of $2.27 billion, a PE ratio of 24.74 and a beta of 1.12. The business has a fifty day moving average of $38.81 and a 200 day moving average of $34.44. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $46.73. 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 released its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The business had revenue of $629.10 million for the quarter, compared to analyst estimates of $603.51 million. During the same quarter last year, the firm posted $0.39 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.06 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. REV Group's payout ratio is 12.77%.

Insiders Place Their Bets

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.83, for a total value of $4,058,701.83. Following the sale, the chief executive officer now owns 516,446 shares in the company, valued at $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on REVG. The Goldman Sachs Group raised their price target on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, DA Davidson raised their price target on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $41.25.

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.

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