9,269 Shares in REV Group, Inc. (NYSE:REVG) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in REV Group, Inc. during the 1st quarter, purchasing 9,269 shares valued at approximately $293,000.
• CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group at an average price of $43.83, resulting in a total transaction of over $4 million and a 15.20% decrease in his position.
• Wall Street analysts have upgraded REV Group's stock rating, with targets as high as $55.00, while the consensus price target stands at $42.25.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in REV Group, Inc. (NYSE:REVG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,269 shares of the company's stock, valued at approximately $293,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC increased its stake in REV Group by 26.7% during the 4th quarter. FMR LLC now owns 7,819,739 shares of the company's stock worth $249,215,000 after purchasing an additional 1,646,293 shares in the last quarter. Vanguard Group Inc. increased its stake in REV Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company's stock worth $166,965,000 after purchasing an additional 39,323 shares in the last quarter. Invesco Ltd. increased its stake in REV Group by 43.4% during the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock worth $55,185,000 after purchasing an additional 524,369 shares in the last quarter. Geode Capital Management LLC increased its stake in REV Group by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock worth $44,121,000 after purchasing an additional 79,243 shares in the last quarter. Finally, Brightline Capital Management LLC increased its stake in REV Group by 1.2% during the 4th quarter. Brightline Capital Management LLC now owns 656,000 shares of the company's stock worth $20,907,000 after purchasing an additional 8,000 shares in the last quarter.

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 on 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 completion of the sale, the chief executive officer owned 516,446 shares of the company's stock, valued at $22,635,828.18. This trade represents a 15.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

REV Group Stock Up 0.7%

Shares of NYSE REVG traded up $0.34 during trading hours on Friday, hitting $50.35. The company had a trading volume of 180,953 shares, compared to its average volume of 699,716. The stock has a market capitalization of $2.46 billion, a P/E ratio of 26.76 and a beta of 1.18. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. REV Group, Inc. has a 1-year low of $21.54 and a 1-year high of $51.37. The firm's 50 day moving average is $46.42 and its 200-day moving average is $37.60.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.57 by $0.13. The company 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 firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, analysts expect that REV Group, Inc. will post 2.12 earnings per share 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 issued 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 yield of 0.5%. REV Group's dividend payout ratio (DPR) is currently 12.77%.

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.