Hennessy Advisors Inc. Has $14.69 Million Stock Position in REV Group, Inc. (NYSE:REVG)

Hennessy Advisors Inc. lifted its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 460,900 shares of the company's stock after purchasing an additional 29,400 shares during the period. Hennessy Advisors Inc. owned 0.88% of REV Group worth $14,689,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in REV Group by 68.3% during the third quarter. FMR LLC now owns 6,173,446 shares of the company's stock worth $173,227,000 after purchasing an additional 2,504,568 shares during the period. AYAL Capital Advisors Ltd bought a new position in shares of REV Group during the 2nd quarter worth approximately $6,558,000. Anthracite Investment Company Inc. acquired a new position in shares of REV Group during the 3rd quarter worth approximately $6,334,000. Wealth Enhancement Advisory Services LLC bought a new stake in REV Group in the 3rd quarter valued at $5,973,000. Finally, Geode Capital Management LLC lifted its holdings in REV Group by 15.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company's stock valued at $36,621,000 after purchasing an additional 173,759 shares during the last quarter.

Insider Transactions at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 20,442 shares of the company's stock, valued at approximately $658,436.82. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company's stock.

REV Group Stock Performance

Shares of REVG stock traded up $0.54 on Friday, hitting $34.49. The company's stock had a trading volume of 451,104 shares, compared to its average volume of 491,129. REV Group, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $35.96. The company has a market capitalization of $1.80 billion, a PE ratio of 7.68 and a beta of 1.61. The stock's 50 day moving average is $31.73 and its 200-day moving average is $29.07. 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 firm also recently announced 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 represents a $0.24 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, December 26th. This is a positive change from REV Group's previous quarterly dividend of $0.05. REV Group's dividend payout ratio is presently 5.35%.

Analysts Set New Price Targets

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