Wealth Enhancement Advisory Services LLC Raises Stock Position in REV Group, Inc. (NYSE:REVG)

Wealth Enhancement Advisory Services LLC lifted its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 32.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other large investors have also recently modified their holdings of the stock. New Age Alpha Advisors LLC bought a new position in REV Group in the fourth quarter worth $40,000. McIlrath & Eck LLC grew its position in shares of REV Group by 31.5% in the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after buying an additional 344 shares during the period. Pictet Asset Management Holding SA purchased a new stake in shares of REV Group in the 4th quarter worth about $202,000. Cerity Partners LLC bought a new position in shares of REV Group in the 4th quarter worth about $205,000. Finally, Bridgefront Capital LLC purchased a new position in REV Group during the 4th quarter valued at about $216,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on REVG shares. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $33.00 to $46.00 in a report on Wednesday, June 18th. The Goldman Sachs Group increased their price objective on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Finally, DA Davidson increased their price target on shares of REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, June 5th. One 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 MarketBeat.com, REV Group has an average rating of "Moderate Buy" and a consensus target price of $41.25.

Insiders Place Their Bets

In related 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 transaction 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 $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. 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 insiders.

REV Group Stock Up 1.5%

NYSE REVG opened at $44.37 on Tuesday. The stock has a 50 day moving average price of $37.60 and a 200-day moving average price of $34.06. REV Group, Inc. has a one year low of $21.54 and a one year high of $46.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66. The company has a market capitalization of $2.17 billion, a P/E ratio of 23.60 and a beta of 1.12.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share (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 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 quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, equities analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be paid 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 0.54%. REV Group's dividend payout ratio (DPR) is 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.

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