21,367 Shares in REV Group, Inc. (NYSE:REVG) Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,367 shares of the company's stock, valued at approximately $681,000.

Several other hedge funds have also added to or reduced their stakes in REVG. Amalgamated Bank boosted its position in shares of REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company's stock worth $44,000 after purchasing an additional 716 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of REV Group by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company's stock worth $61,000 after purchasing an additional 461 shares in the last quarter. Atria Investments Inc bought a new stake in shares of REV Group in the 3rd quarter valued at $201,000. D.A. Davidson & CO. acquired a new position in REV Group in the third quarter valued at about $229,000. Finally, Quest Partners LLC increased its stake in REV Group by 436.6% during the 3rd quarter. Quest Partners LLC now owns 8,392 shares of the company's stock worth $235,000 after purchasing an additional 6,828 shares in the last quarter.

REV Group Stock Up 1.6 %

NYSE REVG traded up $0.54 during trading hours on Monday, hitting $34.49. 451,104 shares of the company traded hands, compared to its average volume of 491,129. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 7.68 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 business's 50-day moving average is $31.80 and its 200-day moving average is $29.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

REV Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a dividend of $0.06 per share. This is a positive change from REV Group's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, December 26th. REV Group's dividend payout ratio is 5.35%.

Insider Buying and Selling at REV Group

In related news, CAO Joseph Ladue sold 4,533 shares of the business's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares of the company's stock, valued at approximately $658,436.82. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

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

REV Group Company 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.