New York State Common Retirement Fund Purchases 19,752 Shares of REV Group, Inc. (NYSE:REVG)

New York State Common Retirement Fund increased its position in REV Group, Inc. (NYSE:REVG - Free Report) by 22.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,615 shares of the company's stock after buying an additional 19,752 shares during the quarter. New York State Common Retirement Fund owned 0.21% of REV Group worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC bought a new position in shares of REV Group during the 4th quarter worth approximately $513,000. SG Americas Securities LLC boosted its holdings in shares of REV Group by 300.6% during the 1st quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock worth $480,000 after buying an additional 11,391 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of REV Group by 32.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock worth $11,120,000 after buying an additional 86,703 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of REV Group during the 4th quarter worth approximately $474,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of REV Group during the 4th quarter worth approximately $526,000.

REV Group Stock Up 0.9%

NYSE REVG traded up $0.44 on Friday, reaching $48.03. The company had a trading volume of 437,595 shares, compared to its average volume of 660,734. The stock has a market capitalization of $2.34 billion, a P/E ratio of 25.55 and a beta of 1.17. The company's fifty day moving average is $44.30 and its 200 day moving average is $36.63. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $50.34. 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 announced its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $603.51 million. During the same period last year, the firm posted $0.39 EPS. The business's revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, June 27th. REV Group's dividend payout ratio is presently 12.77%.

Analyst Ratings Changes

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

Insider Buying and Selling at REV Group

In other 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 transaction of $4,058,701.83. Following the completion of the transaction, the chief executive officer owned 516,446 shares in the company, valued at approximately $22,635,828.18. This represents a 15.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.70% of the company's stock.

REV Group 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.