Rev Group Inc (NASDAQ:REVG) Director Kim A. Marvin Sells 40,263 Shares

Rev Group Inc (NASDAQ:REVG) Director Kim A. Marvin sold 40,263 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $26.09, for a total transaction of $1,050,461.67. Following the sale, the director now directly owns 150,671 shares of the company’s stock, valued at approximately $3,931,006.39. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Rev Group Inc (NASDAQ REVG) opened at $25.05 on Friday. Rev Group Inc has a 52-week low of $23.55 and a 52-week high of $31.60.

Rev Group (NASDAQ:REVG) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The firm had revenue of $595.60 million during the quarter, compared to analyst estimates of $619.57 million. Rev Group had a return on equity of 11.25% and a net margin of 2.55%. The business’s quarterly revenue was up 12.8% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Monday, October 30th.

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Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Rev Group by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,204,841 shares of the company’s stock worth $33,350,000 after buying an additional 60,773 shares during the period. Ameriprise Financial Inc. increased its position in shares of Rev Group by 65.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 818,807 shares of the company’s stock worth $23,544,000 after purchasing an additional 323,958 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Rev Group by 11.7% during the 2nd quarter. Wells Fargo & Company MN now owns 721,306 shares of the company’s stock valued at $19,966,000 after purchasing an additional 75,278 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Rev Group by 10.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 688,725 shares of the company’s stock worth $19,807,000 after acquiring an additional 67,700 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new stake in shares of Rev Group in the 2nd quarter worth approximately $18,470,000.

Separately, Zacks Investment Research downgraded Rev Group from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $32.00.

About Rev Group

REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).

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