REV Group, Inc. (NYSE:REVG) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 93.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 811 shares of the company's stock after selling 10,890 shares during the quarter. Public Employees Retirement System of Ohio's holdings in REV Group were worth $26,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its stake in REV Group by 26.7% during the fourth 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. Vanguard Group Inc. boosted its stake in REV Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company's stock valued at $166,965,000 after buying an additional 39,323 shares during the last quarter. Invesco Ltd. boosted its stake in REV Group by 43.4% during the fourth quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock valued at $55,185,000 after buying an additional 524,369 shares during the last quarter. Geode Capital Management LLC boosted its stake in REV Group by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock valued at $44,121,000 after buying an additional 79,243 shares during the last quarter. Finally, Brightline Capital Management LLC boosted its stake in REV Group by 1.2% during the fourth quarter. Brightline Capital Management LLC now owns 656,000 shares of the company's stock valued at $20,907,000 after buying an additional 8,000 shares during the last quarter.

Wall Street Analyst Weigh In

REVG has been the topic of a number of recent research reports. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective on the stock. in a research report on Wednesday, April 16th. DA Davidson upped their price objective on REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group upped their price objective on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $38.00.

REV Group Price Performance

NYSE:REVG traded up $0.20 during trading hours on Wednesday, hitting $45.10. 693,036 shares of the stock were exchanged, compared to its average volume of 695,627. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $46.10. The firm's fifty day moving average price is $35.42 and its 200 day moving average price is $33.30. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.20 billion, a P/E ratio of 10.05 and a beta of 1.12.

REV Group (NYSE:REVG - Get Free Report) last issued 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. REV Group had a return on equity of 17.74% and a net margin of 10.82%. The business had revenue of $629.10 million for the quarter, compared to analysts' expectations of $603.51 million. During the same period in the previous year, the firm posted $0.39 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 27th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, June 27th. REV Group's dividend payout ratio is currently 12.77%.

Insider Transactions at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 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 can be accessed through this hyperlink. Corporate 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.