Lisanti Capital Growth LLC purchased a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,795 shares of the company's stock, valued at approximately $1,289,000. Lisanti Capital Growth LLC owned approximately 0.08% of REV Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in the business. Rhumbline Advisers lifted its stake in REV Group by 1.4% in the fourth quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock worth $2,267,000 after purchasing an additional 1,000 shares during the last quarter. Principal Financial Group Inc. increased its stake in REV Group by 15.2% in the 4th quarter. Principal Financial Group Inc. now owns 57,906 shares of the company's stock worth $1,845,000 after purchasing an additional 7,654 shares during the period. Anchor Capital Advisors LLC bought a new stake in REV Group in the fourth quarter valued at approximately $1,768,000. Victory Capital Management Inc. boosted its stake in shares of REV Group by 44.8% during the fourth quarter. Victory Capital Management Inc. now owns 42,480 shares of the company's stock valued at $1,354,000 after purchasing an additional 13,146 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of REV Group by 30.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,180 shares of the company's stock worth $324,000 after purchasing an additional 2,362 shares during the last quarter.
Wall Street Analysts Forecast Growth
REVG has been the subject of several recent analyst reports. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $33.00 to $46.00 in a research note on Wednesday, June 18th. The Goldman Sachs Group boosted their price objective 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. DA Davidson boosted their target price on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Finally, Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.25.
Check Out Our Latest Stock Analysis on REV Group
REV Group Stock Up 2.1%
NYSE REVG traded up $1.04 during mid-day trading on Wednesday, reaching $49.50. The stock had a trading volume of 633,726 shares, compared to its average volume of 682,796. The stock has a market cap of $2.42 billion, a PE ratio of 26.33 and a beta of 1.17. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $49.52. 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 fifty day moving average price of $39.54 and a 200 day moving average price of $34.62.
REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings results 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. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The firm had revenue of $629.10 million during the quarter, compared to analysts' expectations of $603.51 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. On average, research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current year.
REV Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 dividend yield of 0.48%. REV Group's dividend payout ratio is presently 12.77%.
Insider Buying and Selling at REV Group
In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.83, for a total value of $4,058,701.83. Following the sale, the chief executive officer owned 516,446 shares in the company, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.
REV Group Company Profile
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Free Report)
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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