Meeder Asset Management Inc. Has $130,000 Stock Position in REV Group, Inc. (NYSE:REVG)

Meeder Asset Management Inc. lowered its stake in REV Group, Inc. (NYSE:REVG) by 82.3% during the first quarter, Holdings Channel reports. The institutional investor owned 4,116 shares of the company’s stock after selling 19,074 shares during the period. Meeder Asset Management Inc.’s holdings in REV Group were worth $130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in REV Group by 18.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,842 shares of the company’s stock valued at $564,000 after buying an additional 2,739 shares during the last quarter. Royce & Associates LP acquired a new position in REV Group in the 1st quarter valued at about $1,995,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in REV Group in the 1st quarter valued at about $293,000. Foundry Partners LLC grew its stake in REV Group by 1.4% in the 1st quarter. Foundry Partners LLC now owns 147,569 shares of the company’s stock valued at $4,663,000 after buying an additional 1,996 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in REV Group by 108.3% in the 1st quarter. Victory Capital Management Inc. now owns 88,470 shares of the company’s stock valued at $2,796,000 after buying an additional 45,990 shares during the last quarter.

Insider Buying and Selling at REV Group

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company’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 transaction of $4,058,701.83. Following the completion of the sale, the chief executive officer owned 516,446 shares of the company’s stock, valued at approximately $22,635,828.18. This represents a 15.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

REV Group Stock Performance

Shares of NYSE:REVG opened at $49.18 on Thursday. The company’s 50 day moving average price is $44.72 and its two-hundred day moving average price is $36.85. REV Group, Inc. has a 12-month low of $21.54 and a 12-month high of $50.34. The firm has a market cap of $2.40 billion, a PE ratio of 26.16 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 issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The company 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 posted $0.39 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, June 27th. REV Group’s dividend payout ratio (DPR) is presently 12.77%.

Wall Street Analyst Weigh In

REVG has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on shares of REV Group from $26.00 to $30.00 and gave the company a “sell” rating in a research note on Tuesday, May 27th. DA Davidson increased their target price on shares of REV Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Finally, Morgan Stanley upgraded shares of REV Group from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.25.

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.