REV Group, Inc. (NYSE:REVG) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has reduced its holdings in REV Group, Inc. by 33.3%, now owning approximately 0.07% of the company valued at $1.17 million.
• REV Group reported $0.70 EPS in its quarterly results, exceeding analysts' expectations of $0.57, with a revenue of $629.1 million, up 2% year-over-year.
• The company's dividend payout ratio stands at 12.77%, with a recently disclosed quarterly dividend of $0.06 per share, translating to an annualized yield of 0.5%.

Natixis Advisors LLC cut its position in REV Group, Inc. (NYSE:REVG - Free Report) by 33.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,167 shares of the company's stock after selling 18,537 shares during the period. Natixis Advisors LLC owned approximately 0.07% of REV Group worth $1,174,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of REVG. JPMorgan Chase & Co. boosted its position in shares of REV Group by 249.5% in the fourth quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company's stock worth $6,102,000 after purchasing an additional 136,700 shares during the period. Pictet Asset Management Holding SA purchased a new position in REV Group in the 4th quarter worth about $202,000. Arrowstreet Capital Limited Partnership purchased a new position in REV Group in the 4th quarter worth about $289,000. Geode Capital Management LLC increased its stake in 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 buying an additional 79,243 shares during the period. Finally, Wells Fargo & Company MN increased its position in REV Group by 375.1% during the 4th quarter. Wells Fargo & Company MN now owns 97,732 shares of the company's stock valued at $3,115,000 after purchasing an additional 77,163 shares during the period.

REV Group Price Performance

NYSE REVG traded down $0.67 on Thursday, hitting $52.99. The company had a trading volume of 293,162 shares, compared to its average volume of 700,587. The company has a market capitalization of $2.59 billion, a PE ratio of 28.17 and a beta of 1.18. The company's fifty day moving average price is $47.45 and its 200-day moving average price is $38.04. 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 $53.75.

REV Group (NYSE:REVG - Get Free Report) last released its 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. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The business had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. REV Group's payout ratio is presently 12.77%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. DA Davidson raised their target price on shares of REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Morgan Stanley upgraded shares of REV Group from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, The Goldman Sachs Group lifted their target price on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the 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 business's 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. The trade was a 15.20% decrease in their position. The sale was disclosed in a legal 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.