KLP Kapitalforvaltning AS Takes $364,000 Position in REV Group, Inc. (NYSE:REVG)

KLP Kapitalforvaltning AS purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,400 shares of the company's stock, valued at approximately $364,000.

A number of other institutional investors have also modified their holdings of REVG. Franklin Resources Inc. grew its stake in REV Group by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock worth $2,776,000 after buying an additional 766 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of REV Group by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock worth $978,000 after acquiring an additional 859 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of REV Group by 1.4% during the fourth quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock valued at $2,267,000 after acquiring an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of REV Group by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company's stock valued at $336,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in REV Group by 30.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,180 shares of the company's stock worth $324,000 after purchasing an additional 2,362 shares in the last quarter.

REV Group Stock Performance

Shares of REV Group stock traded down $0.61 during trading on Thursday, hitting $30.94. 775,617 shares of the company's stock were exchanged, compared to its average volume of 704,475. REV Group, Inc. has a 52-week low of $20.51 and a 52-week high of $36.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 6.89 and a beta of 1.22. The business has a 50-day simple moving average of $31.46 and a 200-day simple moving average of $30.94.

Remove Ads

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.06 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. REV Group's payout ratio is 13.48%.

Insider Buying and Selling

In related news, CAO Joseph Ladue sold 4,533 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the sale, the chief accounting officer now owns 20,442 shares in the company, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on REVG. Robert W. Baird upped their price target on shares of REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. The Goldman Sachs Group upped their target price on REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research report on Thursday, December 12th. Finally, DA Davidson boosted their price target on REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $33.75.

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.