Natixis Advisors LLC lifted its position in REV Group, Inc. (NYSE:REVG - Free Report) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,704 shares of the company's stock after purchasing an additional 10,207 shares during the period. Natixis Advisors LLC owned about 0.11% of REV Group worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of REVG. Atria Investments Inc acquired a new stake in REV Group in the 3rd quarter valued at $201,000. Victory Capital Management Inc. lifted its stake in shares of REV Group by 2.9% in the third quarter. Victory Capital Management Inc. now owns 29,334 shares of the company's stock worth $823,000 after buying an additional 822 shares in the last quarter. Quest Partners LLC boosted its position in REV Group by 436.6% during the third quarter. Quest Partners LLC now owns 8,392 shares of the company's stock worth $235,000 after acquiring an additional 6,828 shares during the last quarter. Intech Investment Management LLC acquired a new stake in REV Group in the 3rd quarter valued at about $441,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in REV Group by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company's stock worth $20,120,000 after purchasing an additional 18,936 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on REVG. The Goldman Sachs Group upped their price target on 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 target price on REV Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, DA Davidson boosted 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, REV Group has an average rating of "Hold" and an average price target of $33.75.
Get Our Latest Analysis on REV Group
REV Group Trading Down 3.8 %
REV Group stock traded down $1.26 during mid-day trading on Friday, hitting $32.07. The company's stock had a trading volume of 1,350,310 shares, compared to its average volume of 711,820. The stock's fifty day moving average is $32.32 and its two-hundred day moving average is $30.71. 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 firm has a market capitalization of $1.66 billion, a PE ratio of 7.14 and a beta of 1.56. REV Group, Inc. has a 1 year low of $20.51 and a 1 year high of $36.00.
REV Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, March 28th. REV Group's dividend payout ratio is presently 13.48%.
Insider Activity
In other news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction on 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 directly owns 20,442 shares of the company's stock, valued at approximately $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company's stock.
About REV Group
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Free Report)
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.
Further Reading
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