Wealth Enhancement Advisory Services LLC Boosts Holdings in REV Group, Inc. (NYSE:REVG)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 32.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 351,902 shares of the company's stock after purchasing an additional 86,703 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.68% of REV Group worth $11,120,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new stake in shares of REV Group during the fourth quarter valued at about $40,000. McIlrath & Eck LLC raised its stake in shares of REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after acquiring an additional 344 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in shares of REV Group during the 4th quarter worth approximately $202,000. Cerity Partners LLC purchased a new stake in REV Group during the fourth quarter valued at approximately $205,000. Finally, Bridgefront Capital LLC acquired a new stake in REV Group in the fourth quarter valued at approximately $216,000.

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 that occurred on Friday, June 6th. The shares were sold at an average price of $43.83, for a total value of $4,058,701.83. Following the sale, the chief executive officer now directly owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

REV Group Stock Performance

REVG traded up $0.78 during midday trading on Friday, hitting $46.50. 1,103,229 shares of the company were exchanged, compared to its average volume of 692,680. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 24.74 and a beta of 1.12. REV Group, Inc. has a 1-year low of $21.54 and a 1-year high of $46.71. The company's 50 day simple moving average is $38.47 and its 200 day simple moving average is $34.32. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36.

REV Group (NYSE:REVG - Get Free Report) last released its 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 analysts' expectations of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. As a group, sell-side analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.06 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. REV Group's dividend payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

REVG has been the subject of a number of recent analyst reports. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. Wall Street Zen upgraded 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 objective 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. Finally, DA Davidson lifted their target price on shares of REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. One equities 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 given a strong buy rating to the company. According to data from MarketBeat, REV Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.25.

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.