Mitsubishi UFJ Asset Management Co. Ltd. Has $411,000 Stock Position in REV Group, Inc. (NYSE:REVG)

Mitsubishi UFJ Asset Management Co. Ltd. reduced its stake in shares of REV Group, Inc. (NYSE:REVG) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,022 shares of the company’s stock after selling 410 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in REV Group were worth $411,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. KBC Group NV acquired a new stake in REV Group during the 1st quarter worth approximately $33,000. McIlrath & Eck LLC boosted its position in REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company’s stock worth $46,000 after acquiring an additional 344 shares during the last quarter. New Age Alpha Advisors LLC boosted its position in REV Group by 71.0% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company’s stock worth $68,000 after acquiring an additional 899 shares during the last quarter. Cerity Partners LLC acquired a new position in REV Group during the 4th quarter worth approximately $205,000. Finally, Bridgefront Capital LLC acquired a new position in REV Group during the 4th quarter worth approximately $216,000.

REV Group Trading Up 3.0%

NYSE REVG opened at $53.66 on Thursday. The company has a market cap of $2.62 billion, a PE ratio of 28.54 and a beta of 1.18. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $53.69. The stock has a 50 day moving average of $47.45 and a 200-day moving average of $38.04.

REV Group (NYSE:REVG) last released 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. The company had revenue of $629.10 million during 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 firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities research analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 27th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, June 27th. REV Group’s dividend payout ratio is presently 12.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen raised REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. DA Davidson upped their price target on REV Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group upped their price target on REV Group from $26.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley raised REV Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. One analyst has rated the stock with a sell rating, one has assigned a hold 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.25.

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 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 transaction, the chief executive officer owned 516,446 shares in the company, valued at $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 hyperlink. Insiders own 1.70% of the company’s stock.

REV Group Company 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.