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

New York State Common Retirement Fund raised its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 22.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,615 shares of the company's stock after acquiring an additional 19,752 shares during the quarter. New York State Common Retirement Fund owned approximately 0.21% of REV Group worth $3,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also 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 valued at $249,215,000 after buying an additional 1,646,293 shares during the last quarter. Invesco Ltd. increased its stake 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 valued at $55,185,000 after purchasing an additional 524,369 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of REV Group in the 4th quarter valued at about $9,749,000. SG Capital Management LLC purchased a new position in shares of REV Group in the 4th quarter valued at about $8,203,000. Finally, JPMorgan Chase & Co. increased its stake in shares of REV Group by 249.5% in the 4th quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company's stock valued at $6,102,000 after purchasing an additional 136,700 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on REVG. DA Davidson lifted their price objective on REV Group from $51.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday. The Goldman Sachs Group lifted their price objective on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Finally, Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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 dated Friday, June 6th. The shares were sold at an average price of $43.83, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by corporate insiders.

REV Group Stock Performance

NYSE:REVG opened at $47.18 on Wednesday. The firm has a market capitalization of $2.30 billion, a PE ratio of 25.09 and a beta of 1.17. The business's fifty day moving average price is $43.72 and its 200 day moving average price is $36.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $50.34.

REV Group (NYSE:REVG - Get Free Report) last announced its 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. The business had revenue of $629.10 million during 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 in the prior year, the firm earned $0.39 earnings per share. On average, sell-side analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. REV Group's dividend payout ratio is presently 12.77%.

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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