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

Federated Hermes Inc. reduced its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,966 shares of the company's stock after selling 40,762 shares during the period. Federated Hermes Inc. owned 0.70% of REV Group worth $11,536,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. New Age Alpha Advisors LLC acquired a new position in REV Group in the fourth quarter valued at $40,000. Pictet Asset Management Holding SA purchased a new position in shares of REV Group in the 4th quarter worth about $202,000. Planning Center Inc. acquired a new position in shares of REV Group in the 4th quarter valued at about $223,000. RD Lewis Holdings Inc. acquired a new position in shares of REV Group in the 4th quarter valued at about $228,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of REV Group during the 4th quarter worth about $250,000.

Insider Buying and Selling

In other news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the sale, the chief accounting officer now owns 20,442 shares in the company, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

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REV Group Trading Up 3.5 %

NYSE REVG traded up $1.07 during mid-day trading on Friday, hitting $32.00. The company's stock had a trading volume of 549,414 shares, compared to its average volume of 703,377. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. REV Group, Inc. has a 52-week low of $20.51 and a 52-week high of $36.00. The stock's fifty day simple moving average is $31.42 and its two-hundred day simple moving average is $30.97. The firm has a market capitalization of $1.65 billion, a P/E ratio of 7.13 and a beta of 1.22.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. REV Group's payout ratio is 13.48%.

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.