REV Group, Inc. (NYSE:REVG) CEO Jr. Mark A. Skonieczny Sells 92,601 Shares

REV Group, Inc. (NYSE:REVG) 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 transaction of $4,058,701.83. Following the completion of the transaction, the chief executive officer now owns 516,446 shares of the company’s stock, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

REV Group Stock Performance

NYSE REVG traded up $1.18 during trading hours on Monday, hitting $46.00. The company had a trading volume of 919,763 shares, compared to its average volume of 697,323. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. REV Group, Inc. has a 1-year low of $21.54 and a 1-year high of $46.08. The company has a market cap of $2.24 billion, a PE ratio of 10.25 and a beta of 1.12. The business has a 50 day moving average of $34.80 and a 200-day moving average of $33.14.

REV Group (NYSE:REVG) last announced its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.13. REV Group had a net margin of 10.82% and a return on equity of 17.74%. The business had revenue of $629.10 million during the quarter, compared to the consensus estimate of $603.51 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts expect that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley downgraded shares of REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Wednesday, April 16th. DA Davidson boosted 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. Wall Street Zen upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, The Goldman Sachs Group boosted 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. Two research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of REVG. Barclays PLC increased its holdings in shares of REV Group by 355.5% in the third quarter. Barclays PLC now owns 89,619 shares of the company’s stock valued at $2,515,000 after purchasing an additional 69,946 shares during the period. Legato Capital Management LLC raised its holdings in REV Group by 113.0% during the fourth quarter. Legato Capital Management LLC now owns 111,318 shares of the company’s stock worth $3,548,000 after purchasing an additional 59,066 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in REV Group during the fourth quarter worth about $2,077,000. Rhumbline Advisers raised its holdings in REV Group by 1.4% during the fourth quarter. Rhumbline Advisers now owns 71,130 shares of the company’s stock worth $2,267,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in REV Group by 15.2% during the fourth quarter. Principal Financial Group Inc. now owns 57,906 shares of the company’s stock worth $1,845,000 after purchasing an additional 7,654 shares in the last quarter.

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.