Speece Thorson Capital Group Inc. Makes New $4.84 Million Investment in REV Group, Inc. (NYSE:REVG)

Speece Thorson Capital Group Inc. acquired a new position in REV Group, Inc. (NYSE:REVG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 153,233 shares of the company's stock, valued at approximately $4,842,000. Speece Thorson Capital Group Inc. owned approximately 0.30% of REV Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. McIlrath & Eck LLC grew its holdings in REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after purchasing an additional 344 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in REV Group by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company's stock valued at $989,000 after purchasing an additional 414 shares during the last quarter. Bank of Montreal Can grew its holdings in REV Group by 9.1% in the fourth quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock valued at $261,000 after purchasing an additional 682 shares during the last quarter. Vident Advisory LLC grew its holdings in REV Group by 5.2% in the fourth quarter. Vident Advisory LLC now owns 16,348 shares of the company's stock valued at $521,000 after purchasing an additional 805 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in REV Group by 1.6% in the first quarter. Principal Financial Group Inc. now owns 58,809 shares of the company's stock valued at $1,858,000 after purchasing an additional 903 shares during the last quarter.

REV Group Price Performance

Shares of REVG traded down $0.43 during trading hours on Wednesday, reaching $47.07. 546,629 shares of the company traded hands, compared to its average volume of 682,830. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.30 billion, a PE ratio of 25.04 and a beta of 1.17. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week high of $50.34. The stock has a fifty day simple moving average of $42.96 and a 200 day simple moving average of $35.90.

REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. The business had revenue of $629.10 million for the quarter, compared to analyst estimates of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. As a group, research analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The firm also recently declared 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 0.51%. The ex-dividend date was Friday, June 27th. REV Group's payout ratio is 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 value of $4,058,701.83. Following the sale, the chief executive officer directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on REVG. DA Davidson upped their target price on REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $33.00 to $46.00 in a report on Wednesday, June 18th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, The Goldman Sachs Group increased their price objective on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $41.25.

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.