REV Group, Inc. (NYSE:REVG) Shares Sold by Navellier & Associates Inc.

Key Points

• Navellier & Associates Inc. has sold 14,308 shares of REV Group, reducing its stake by 43.5% in the first quarter, leaving it with 18,618 shares valued at approximately $588,000.
• CEO Mark A. Skonieczny sold 92,601 shares of the company for over $4 million, bringing his ownership down by 15.20%.
• REV Group recently reported earnings of $0.70 per share, exceeding estimates, along with a 2.0% year-over-year revenue increase to $629.1 million.

Navellier & Associates Inc. reduced its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 43.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,618 shares of the company's stock after selling 14,308 shares during the quarter. Navellier & Associates Inc.'s holdings in REV Group were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of REVG. FMR LLC raised its stake 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 worth $249,215,000 after acquiring an additional 1,646,293 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of REV Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company's stock worth $166,965,000 after purchasing an additional 39,323 shares in the last quarter. Invesco Ltd. boosted its position in shares of REV Group by 43.4% in the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock worth $55,185,000 after purchasing an additional 524,369 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of REV Group by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock worth $44,121,000 after purchasing an additional 79,243 shares in the last quarter. Finally, Brightline Capital Management LLC boosted its position in shares of REV Group by 1.2% in the 4th quarter. Brightline Capital Management LLC now owns 656,000 shares of the company's stock worth $20,907,000 after purchasing an additional 8,000 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company'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 value 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 $22,635,828.18. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

REVG has been the subject of a number of recent analyst reports. Morgan Stanley raised 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 report on Wednesday, June 18th. 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 report on Tuesday, July 22nd. The Goldman Sachs Group lifted 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. Finally, Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.25.

REV Group Stock Performance

REV Group stock traded up $0.97 during midday trading on Monday, hitting $48.91. 692,811 shares of the company were exchanged, compared to its average volume of 709,469. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week high of $50.34. The firm has a market capitalization of $2.39 billion, a PE ratio of 26.02 and a beta of 1.17. The business has a fifty day simple moving average of $44.30 and a two-hundred day simple moving average of $36.65. 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 issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. REV Group's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, sell-side analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, June 27th. This represents a $0.24 annualized dividend and a yield of 0.49%. REV Group's dividend payout ratio (DPR) is currently 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.