Navellier & Associates Inc. Reduces Holdings in REV Group, Inc. (NYSE:REVG)

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. trimmed its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 43.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of REVG. KBC Group NV purchased a new stake in REV Group during the 1st quarter valued at about $33,000. New Age Alpha Advisors LLC purchased a new stake in REV Group during the 4th quarter valued at about $40,000. McIlrath & Eck LLC grew 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 valued at $46,000 after purchasing an additional 344 shares during the last quarter. Pictet Asset Management Holding SA purchased a new stake in REV Group during the 4th quarter valued at about $202,000. Finally, Cerity Partners LLC purchased a new stake in REV Group during the 4th quarter valued at about $205,000.

REV Group Stock Performance

Shares of NYSE REVG traded up $0.79 during trading on Wednesday, reaching $49.60. 84,700 shares of the company traded hands, compared to its average volume of 704,123. The firm has a 50 day simple moving average of $44.72 and a 200-day simple moving average of $36.85. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.42 billion, a PE ratio of 26.47 and a beta of 1.17. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $50.34.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. The firm had revenue of $629.10 million for the quarter, compared to the consensus estimate of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The business's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Equities research analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, June 27th. REV Group's payout ratio is 12.77%.

Wall Street Analyst Weigh In

REVG has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. DA Davidson raised their price target on shares of REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Finally, Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $33.00 to $46.00 in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, REV Group currently has a consensus rating of "Moderate Buy" and an average price target of $42.25.

Insider Activity

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 transaction, the chief executive officer owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company's stock.

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.