Barclays PLC Boosts Stake in REV Group, Inc. (NYSE:REVG)

Barclays PLC increased its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 355.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 89,619 shares of the company's stock after purchasing an additional 69,946 shares during the period. Barclays PLC owned 0.17% of REV Group worth $2,515,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. XTX Topco Ltd bought a new position in REV Group in the third quarter worth about $277,000. State Street Corp lifted its position in REV Group by 3.3% during the third quarter. State Street Corp now owns 1,089,130 shares of the company's stock valued at $30,615,000 after acquiring an additional 35,066 shares during the last quarter. Stifel Financial Corp boosted its stake in REV Group by 40.4% in the third quarter. Stifel Financial Corp now owns 308,423 shares of the company's stock valued at $8,654,000 after acquiring an additional 88,798 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in REV Group by 31.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 315,530 shares of the company's stock worth $8,854,000 after purchasing an additional 76,100 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of REV Group by 39.5% during the 3rd quarter. HighTower Advisors LLC now owns 69,657 shares of the company's stock valued at $1,957,000 after purchasing an additional 19,722 shares during the last quarter.

Wall Street Analysts Forecast Growth

REVG has been the topic of several research analyst reports. Robert W. Baird boosted their target price on REV Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. DA Davidson upped their price target 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. The Goldman Sachs Group lifted 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, StockNews.com lowered REV Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, REV Group presently has an average rating of "Hold" and a consensus target price of $33.75.

REV Group Price Performance

Shares of REV Group stock traded up $0.34 during trading hours on Thursday, reaching $31.85. The stock had a trading volume of 331,994 shares, compared to its average volume of 762,830. The firm has a market capitalization of $1.66 billion, a PE ratio of 7.09 and a beta of 1.61. REV Group, Inc. has a twelve month low of $16.00 and a twelve month high of $35.96. The company has a current ratio of 1.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average is $30.14 and its 200 day moving average is $28.28.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, December 26th. This is a positive change from REV Group's previous quarterly dividend of $0.05. REV Group's payout ratio is presently 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.