Foundry Partners LLC Raises Position in REV Group, Inc. (NYSE:REVG)

Foundry Partners LLC boosted its position in REV Group, Inc. (NYSE:REVG - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,573 shares of the company's stock after purchasing an additional 8,836 shares during the period. Foundry Partners LLC owned approximately 0.28% of REV Group worth $4,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. boosted its position in REV Group by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock valued at $2,776,000 after buying an additional 766 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of REV Group by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock valued at $978,000 after acquiring an additional 859 shares in the last quarter. Rhumbline Advisers grew its stake in REV Group by 1.4% in the fourth quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock worth $2,267,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in REV Group by 10.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company's stock worth $336,000 after purchasing an additional 1,171 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in REV Group during the 4th quarter valued at $40,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of REV Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. The Goldman Sachs Group upped their price objective on REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Finally, DA Davidson lifted their target price on REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, REV Group currently has an average rating of "Hold" and an average price target of $33.75.

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REV Group Stock Performance

Shares of NYSE REVG traded down $0.51 during trading on Thursday, reaching $31.04. 289,687 shares of the company traded hands, compared to its average volume of 704,707. The stock has a market cap of $1.60 billion, a P/E ratio of 6.96 and a beta of 1.22. The firm's fifty day simple moving average is $31.50 and its 200 day simple moving average is $30.92. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 12-month low of $20.51 and a 12-month high of $36.00.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.24 annualized dividend and a yield of 0.77%. REV Group's dividend payout ratio is presently 13.48%.

Insiders Place Their Bets

In other news, CAO Joseph Ladue sold 4,533 shares of the company'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 completion of the transaction, the chief accounting officer now directly owns 20,442 shares of the company's stock, valued at $658,436.82. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.70% of the company's stock.

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.