REV Group, Inc. (NYSE:REVG) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 326,932 shares of the company's stock after selling 253,987 shares during the quarter. Bessemer Group Inc. owned about 0.63% of REV Group worth $10,418,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in REV Group by 43.4% in the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock worth $55,185,000 after acquiring an additional 524,369 shares during the last quarter. Bank of Montreal Can grew its stake in shares of REV Group by 9.1% in the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock worth $261,000 after buying an additional 682 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of REV Group in the fourth quarter worth $205,000. FMR LLC boosted its stake in shares of REV Group by 26.7% in the 4th quarter. FMR LLC now owns 7,819,739 shares of the company's stock worth $249,215,000 after buying an additional 1,646,293 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in REV Group in the 4th quarter worth $250,000.

REV Group Stock Performance

NYSE:REVG traded down $1.45 during mid-day trading on Wednesday, reaching $30.36. 434,906 shares of the stock were exchanged, compared to its average volume of 700,657. The company has a 50 day simple moving average of $31.31 and a 200-day simple moving average of $31.04. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.57 billion, a P/E ratio of 6.76 and a beta of 1.22. REV Group, Inc. has a 1 year low of $20.51 and a 1 year high of $36.00.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. REV Group's dividend payout ratio (DPR) is presently 13.48%.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, REV Group currently has an average rating of "Hold" and an average target price of $34.63.

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.