Asset Management One Co. Ltd. Invests $2.08 Million in REV Group, Inc. (NYSE:REVG)

Asset Management One Co. Ltd. bought a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 66,300 shares of the company's stock, valued at approximately $2,077,000. Asset Management One Co. Ltd. owned 0.13% of REV Group at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in shares of REV Group by 120.5% in the third quarter. CWM LLC now owns 8,842 shares of the company's stock worth $248,000 after purchasing an additional 4,832 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in REV Group by 47.4% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 26,080 shares of the company's stock worth $732,000 after buying an additional 8,388 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in REV Group in the 3rd quarter worth $5,973,000. Pinnacle Associates Ltd. raised its holdings in REV Group by 63.8% during the third quarter. Pinnacle Associates Ltd. now owns 59,763 shares of the company's stock valued at $1,677,000 after acquiring an additional 23,275 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of REV Group by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company's stock valued at $61,000 after acquiring an additional 461 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Remove Ads

Insider Buying and Selling

In related news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

REV Group Price Performance

NYSE REVG traded down $2.12 during trading on Friday, hitting $31.06. 701,662 shares of the stock traded hands, compared to its average volume of 488,126. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 12-month low of $17.76 and a 12-month high of $36.00. The firm has a 50-day simple moving average of $33.14 and a 200-day simple moving average of $30.39. The company has a market capitalization of $1.62 billion, a P/E ratio of 6.92 and a beta of 1.60.

REV Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from REV Group's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. REV Group's dividend payout ratio (DPR) is 5.35%.

REV Group 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.