Anchor Capital Advisors LLC Buys Shares of 55,465 REV Group, Inc. (NYSE:REVG)

Anchor Capital Advisors LLC 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 disclosure with the Securities & Exchange Commission. The fund bought 55,465 shares of the company's stock, valued at approximately $1,768,000. Anchor Capital Advisors LLC owned 0.11% of REV Group at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Hennessy Advisors Inc. increased its position in shares of REV Group by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after purchasing an additional 29,400 shares during the period. FMR LLC increased its holdings in REV Group by 68.3% in the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company's stock valued at $173,227,000 after buying an additional 2,504,568 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of REV Group in the 4th quarter valued at $2,077,000. Anthracite Investment Company Inc. bought a new position in shares of REV Group during the 3rd quarter worth about $6,334,000. Finally, Principal Financial Group Inc. boosted its position in shares of REV Group by 151.4% during the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock valued at $1,410,000 after acquiring an additional 30,262 shares in the last quarter.

REV Group Price Performance

Shares of REVG stock traded down $0.79 during trading hours on Tuesday, reaching $27.30. 780,045 shares of the company were exchanged, compared to its average volume of 548,662. REV Group, Inc. has a fifty-two week low of $17.76 and a fifty-two week 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 stock's fifty day moving average is $32.86 and its two-hundred day moving average is $30.48. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 6.08 and a beta of 1.60.

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REV Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Thursday, December 26th. This is a positive change from REV Group's previous quarterly dividend of $0.05. REV Group's dividend payout ratio is 5.35%.

Insider Activity

In other news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the transaction, the chief accounting officer now owns 20,442 shares of the company's stock, valued at $658,436.82. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on REVG shares. Robert W. Baird increased their price target 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. The Goldman Sachs Group upped their price objective on shares of REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Finally, DA Davidson lifted their target price on shares of REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.75.

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.