Legato Capital Management LLC Has $1.81 Million Stock Position in REV Group, Inc. (NYSE:REVG)

Legato Capital Management LLC decreased its position in shares of REV Group, Inc. (NYSE:REVG) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,505 shares of the company’s stock after selling 6,288 shares during the period. Legato Capital Management LLC owned 0.14% of REV Group worth $1,805,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in REV Group by 56.3% during the first quarter. Vanguard Group Inc. now owns 4,714,060 shares of the company’s stock valued at $104,134,000 after acquiring an additional 1,698,502 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of REV Group by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock worth $53,846,000 after acquiring an additional 39,484 shares in the last quarter. Kennedy Capital Management LLC lifted its holdings in REV Group by 161.8% during the 1st quarter. Kennedy Capital Management LLC now owns 947,919 shares of the company’s stock worth $20,940,000 after buying an additional 585,841 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in REV Group by 22.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company’s stock worth $13,985,000 after buying an additional 140,674 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in REV Group by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock worth $8,906,000 after buying an additional 68,047 shares in the last quarter.

Wall Street Analyst Weigh In

REVG has been the subject of several recent research reports. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Morgan Stanley assumed coverage on shares of REV Group in a research report on Tuesday, June 11th. They issued an “equal weight” rating and a $29.50 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.50.

REV Group Stock Performance

NYSE:REVG traded down $0.36 during mid-day trading on Tuesday, hitting $30.23. The stock had a trading volume of 135,940 shares, compared to its average volume of 820,940. REV Group, Inc. has a twelve month low of $12.71 and a twelve month high of $31.17. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 7.48 and a beta of 1.61. The company’s 50 day simple moving average is $26.88 and its 200 day simple moving average is $24.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.53 and a current ratio of 1.75.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.10. The firm had revenue of $616.90 million during the quarter, compared to the consensus estimate of $603.17 million. REV Group had a net margin of 9.41% and a return on equity of 16.85%. On average, equities research analysts forecast that REV Group, Inc. will post 1.45 earnings per share for the current year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. REV Group’s dividend payout ratio is presently 4.89%.

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.