Legato Capital Management LLC Raises Position in REV Group, Inc. (NYSE:REVG)

Legato Capital Management LLC grew its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 113.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,318 shares of the company's stock after acquiring an additional 59,066 shares during the period. Legato Capital Management LLC owned 0.21% of REV Group worth $3,548,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of REVG. FMR LLC boosted its position in shares of REV Group by 68.3% during 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. Anthracite Investment Company Inc. bought a new position in shares of REV Group during the 3rd quarter worth about $6,334,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of REV Group during the 3rd quarter worth about $5,973,000. Geode Capital Management LLC boosted its position in shares of REV Group by 15.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company's stock worth $36,621,000 after purchasing an additional 173,759 shares in the last quarter. Finally, Foundry Partners LLC bought a new position in shares of REV Group during the 3rd quarter worth about $3,837,000.

REV Group Stock Up 2.4 %

NYSE REVG traded up $0.80 during trading hours on Friday, hitting $33.64. The company's stock had a trading volume of 373,123 shares, compared to its average volume of 466,282. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.75 billion, a PE ratio of 7.49 and a beta of 1.60. REV Group, Inc. has a 52 week low of $17.05 and a 52 week high of $36.00. The company's 50-day simple moving average is $33.10 and its two-hundred day simple moving average is $30.20.

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REV Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were paid a $0.06 dividend. This is a positive change from REV Group's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, December 26th. This represents a $0.24 annualized dividend and a yield of 0.71%. REV Group's dividend payout ratio (DPR) is 5.35%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on REVG shares. The Goldman Sachs Group raised their price target on shares of REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research report on Thursday, December 12th. Robert W. Baird raised their price target on shares of REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, DA Davidson raised their price target on shares of REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a research 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 given a buy rating to the company. According to MarketBeat.com, REV Group currently has an average rating of "Hold" and a consensus target price of $33.75.

Insider Buying and Selling at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction dated Monday, January 13th. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company's stock.

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.