Insider Selling: REV Group, Inc. (NYSE:REVG) CEO Sells 92,601 Shares of Stock

REV Group, Inc. (NYSE:REVG - Get Free Report) CEO Jr. Mark A. Skonieczny sold 92,601 shares of the business's stock in a transaction 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 transaction, the chief executive officer now directly owns 516,446 shares of the company's stock, valued at $22,635,828.18. The trade was a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

REV Group Stock Performance

NYSE:REVG traded down $0.12 during trading hours on Thursday, reaching $44.99. 567,331 shares of the stock were exchanged, compared to its average volume of 695,179. The stock has a market capitalization of $2.20 billion, a P/E ratio of 10.02 and a beta of 1.12. The firm has a 50 day simple moving average of $35.74 and a 200-day simple moving average of $33.39. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $46.10.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.13. REV Group had a return on equity of 17.74% and a net margin of 10.82%. The firm had revenue of $629.10 million for the quarter, compared to analysts' expectations of $603.51 million. During the same period last year, the business posted $0.39 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, June 27th. REV Group's dividend payout ratio is presently 12.77%.

Institutional Investors Weigh In On REV Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC boosted its stake 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 acquiring an additional 344 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of REV Group by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company's stock worth $989,000 after purchasing an additional 414 shares during the last quarter. Hsbc Holdings PLC boosted its position in REV Group by 8.6% during the 1st quarter. Hsbc Holdings PLC now owns 7,914 shares of the company's stock valued at $249,000 after purchasing an additional 629 shares during the period. Bank of Montreal Can boosted its position in REV Group by 9.1% during the 4th 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 period. Finally, Vident Advisory LLC grew its stake in REV Group by 5.2% during the 4th quarter. Vident Advisory LLC now owns 16,348 shares of the company's stock worth $521,000 after buying an additional 805 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley lowered shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research note on Wednesday, April 16th. DA Davidson boosted their target price on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. The Goldman Sachs Group increased their target price on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $38.00.

About REV Group

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.