REV Group, Inc. (NYSE:REVG) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 39.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,657 shares of the company's stock after buying an additional 19,722 shares during the quarter. HighTower Advisors LLC owned approximately 0.13% of REV Group worth $1,957,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its stake in REV Group by 68.3% in the 3rd 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 in the last quarter. Nicholas Investment Partners LP increased its position in shares of REV Group by 4.8% during the 2nd quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company's stock valued at $18,792,000 after purchasing an additional 34,555 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of REV Group by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company's stock valued at $20,120,000 after purchasing an additional 18,936 shares during the last quarter. AQR Capital Management LLC increased its position in shares of REV Group by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 416,603 shares of the company's stock valued at $10,369,000 after purchasing an additional 61,111 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of REV Group during the 2nd quarter valued at about $9,535,000.

REV Group Trading Up 3.6 %

REVG traded up $1.24 during trading on Friday, reaching $35.23. The company had a trading volume of 790,876 shares, compared to its average volume of 571,451. REV Group, Inc. has a 52 week low of $16.00 and a 52 week high of $35.96. The stock has a market cap of $1.84 billion, a P/E ratio of 7.85 and a beta of 1.61. The business has a 50 day simple moving average of $29.44 and a 200-day simple moving average of $27.97. The company has a quick ratio of 0.57, a current ratio of 1.72 and a debt-to-equity ratio of 0.20.

REV Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. This is an increase from REV Group's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, December 26th. REV Group's dividend payout ratio (DPR) is 4.45%.

Analysts Set New Price Targets

REVG has been the subject of several analyst reports. The Goldman Sachs Group increased their target price on shares of REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a report on Thursday. DA Davidson increased their price objective on shares of REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a report on Friday. StockNews.com downgraded REV Group from a "buy" rating to a "hold" rating in a research report on Thursday, September 5th. Finally, Robert W. Baird increased their target price on REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average 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.