Meeder Asset Management Inc. Acquires New Shares in REV Group, Inc. (NYSE:REVG)

Meeder Asset Management Inc. acquired a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,190 shares of the company's stock, valued at approximately $739,000.

A number of other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in REV Group during the 4th quarter worth $289,000. Pictet Asset Management Holding SA acquired a new stake in shares of REV Group in the fourth quarter valued at about $202,000. New Age Alpha Advisors LLC purchased a new stake in shares of REV Group during the 4th quarter valued at about $40,000. JPMorgan Chase & Co. lifted its position in REV Group by 249.5% during the 4th quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company's stock worth $6,102,000 after acquiring an additional 136,700 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in REV Group in the 4th quarter worth approximately $1,877,000.

REV Group Stock Down 1.8 %

REVG traded down $0.54 during trading on Friday, hitting $29.20. The company had a trading volume of 1,151,216 shares, compared to its average volume of 663,439. REV Group, Inc. has a 1-year low of $20.51 and a 1-year high of $36.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The company has a market cap of $1.51 billion, a PE ratio of 6.51 and a beta of 1.21. The business has a 50-day moving average of $32.04 and a 200-day moving average of $30.84.

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REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, March 28th. REV Group's dividend payout ratio is presently 13.48%.

Insider Transactions at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the firm's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $32.21, for a total value of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares in the company, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. DA Davidson boosted their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Robert W. Baird boosted their price objective on shares of REV Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group raised their target price on REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently 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.