Royce & Associates LP Buys Shares of 63,127 REV Group, Inc. (NYSE:REVG)

Royce & Associates LP purchased a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 63,127 shares of the company's stock, valued at approximately $1,995,000. Royce & Associates LP owned 0.12% of REV Group as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. FMR LLC raised its position in REV Group by 26.7% in the fourth quarter. FMR LLC now owns 7,819,739 shares of the company's stock valued at $249,215,000 after purchasing an additional 1,646,293 shares during the period. Invesco Ltd. raised its position in REV Group by 43.4% in the fourth 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 during the period. Point72 Asset Management L.P. acquired a new stake in shares of REV Group during the fourth quarter valued at about $9,749,000. SG Capital Management LLC acquired a new stake in shares of REV Group during the fourth quarter valued at about $8,203,000. Finally, Speece Thorson Capital Group Inc. acquired a new stake in shares of REV Group during the first quarter valued at about $4,842,000.

REV Group Stock Down 2.6%

NYSE:REVG traded down $1.29 during mid-day trading on Friday, reaching $48.26. The stock had a trading volume of 225,724 shares, compared to its average volume of 703,970. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 25.68 and a beta of 1.17. REV Group, Inc. has a 1-year low of $21.54 and a 1-year high of $50.34. The stock's 50 day simple moving average is $45.20 and its two-hundred day simple moving average is $37.05. 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 (NYSE:REVG - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 23.99% and a net margin of 4.16%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. Equities analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, June 27th. REV Group's payout ratio is presently 12.77%.

Insider Buying and Selling

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.83, for a total value of $4,058,701.83. Following the completion of the transaction, the chief executive officer directly owned 516,446 shares in the company, valued at $22,635,828.18. The trade was a 15.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.