BNP Paribas Financial Markets Lowers Holdings in REV Group, Inc. (NYSE:REVG)

BNP Paribas Financial Markets cut its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 45.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,636 shares of the company's stock after selling 18,590 shares during the period. BNP Paribas Financial Markets' holdings in REV Group were worth $635,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REVG. CWM LLC grew its position in shares of REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company's stock valued at $100,000 after acquiring an additional 3,369 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in REV Group by 45.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,692 shares of the company's stock valued at $440,000 after purchasing an additional 5,528 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of REV Group in the second quarter valued at approximately $9,535,000. Bank of New York Mellon Corp increased its position in shares of REV Group by 19.4% in the second quarter. Bank of New York Mellon Corp now owns 364,336 shares of the company's stock valued at $9,068,000 after buying an additional 59,306 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of REV Group by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company's stock worth $269,000 after buying an additional 1,067 shares during the period.

REV Group Trading Up 3.6 %

REV Group stock traded up $1.23 during trading on Friday, reaching $35.23. 790,876 shares of the company were exchanged, compared to its average volume of 766,239. The stock's 50 day simple moving average is $29.29 and its two-hundred day simple moving average is $27.89. The company has a market capitalization of $1.83 billion, a P/E ratio of 7.83 and a beta of 1.61. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. REV Group, Inc. has a 52-week low of $16.00 and a 52-week high of $35.96.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. 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 currently 4.45%.

Analyst Upgrades and Downgrades

REVG has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on shares of REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research note on Thursday. Robert W. Baird lifted their target price on shares of REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday. StockNews.com cut shares of REV Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 5th. Finally, DA Davidson raised 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. 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 company. According to data from MarketBeat, REV Group presently has a consensus rating of "Hold" and an average target price of $33.75.

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.