1,876,211 Shares in REV Group, Inc. (NYSE:REVG) Acquired by High Ground Investment Management LLP

High Ground Investment Management LLP bought a new position in REV Group, Inc. (NYSE:REVG) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,876,211 shares of the company’s stock, valued at approximately $59,288,000. REV Group accounts for about 13.8% of High Ground Investment Management LLP’s investment portfolio, making the stock its 4th largest position. High Ground Investment Management LLP owned approximately 3.63% of REV Group at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV bought a new stake in REV Group in the 1st quarter worth approximately $33,000. New Age Alpha Advisors LLC bought a new stake in shares of REV Group during the 4th quarter valued at $40,000. McIlrath & Eck LLC grew its position 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 valued at $46,000 after acquiring an additional 344 shares during the period. Pictet Asset Management Holding SA bought a new stake in shares of REV Group during the 4th quarter valued at $202,000. Finally, Cerity Partners LLC bought a new stake in shares of REV Group during the 4th quarter valued at $205,000.

Insider Activity at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the transaction, the chief executive officer owned 516,446 shares of the company’s stock, valued at $22,635,828.18. This represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley raised shares of REV Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. DA Davidson boosted their price objective on shares of REV Group from $51.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group boosted 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. Finally, Wall Street Zen raised shares of REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.25.

REV Group Price Performance

Shares of REV Group stock opened at $48.91 on Tuesday. The stock’s 50-day simple moving average is $44.52 and its 200-day simple moving average is $36.77. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $50.34. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 26.02 and a beta of 1.17. 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 (NYSE:REVG) last announced 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. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The business had revenue of $629.10 million for the quarter, compared to the consensus estimate of $603.51 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were given a $0.06 dividend. The ex-dividend date was Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. REV Group’s payout ratio 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.