Navellier & Associates Inc. Has $1.05 Million Holdings in REV Group, Inc. (NYSE:REVG)

Navellier & Associates Inc. grew its position in REV Group, Inc. (NYSE:REVG - Free Report) by 70.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,926 shares of the company's stock after purchasing an additional 13,593 shares during the period. Navellier & Associates Inc. owned approximately 0.06% of REV Group worth $1,049,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of REV Group by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company's stock worth $61,000 after purchasing an additional 461 shares in the last quarter. Atria Investments Inc purchased a new position in REV Group in the 3rd quarter valued at about $201,000. Planning Center Inc. acquired a new stake in shares of REV Group during the fourth quarter valued at about $223,000. D.A. Davidson & CO. acquired a new position in shares of REV Group in the third quarter worth about $229,000. Finally, Quest Partners LLC boosted its holdings in REV Group by 436.6% in the third quarter. Quest Partners LLC now owns 8,392 shares of the company's stock valued at $235,000 after purchasing an additional 6,828 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. DA Davidson lifted 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. Robert W. Baird raised their price target on shares of REV Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, 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 report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $33.75.

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Insider Buying and Selling at REV Group

In related news, CAO Joseph Ladue sold 4,533 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

REV Group Stock Performance

Shares of REV Group stock traded up $0.48 on Wednesday, reaching $30.56. 662,159 shares of the company were exchanged, compared to its average volume of 523,993. REV Group, Inc. has a 1-year low of $17.76 and a 1-year high of $36.00. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 6.81 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The company's 50-day moving average is $33.01 and its two-hundred day moving average is $30.44.

REV Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a $0.06 dividend. This is a boost 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 0.79%. REV Group's dividend payout ratio is 5.35%.

About REV Group

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.