Wellington Management Group LLP Raises Stock Position in REV Group, Inc. (NYSE:REVG)

Wellington Management Group LLP lifted its position in REV Group, Inc. (NYSE:REVG - Free Report) by 16.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 490,150 shares of the company's stock after purchasing an additional 68,047 shares during the quarter. Wellington Management Group LLP owned 0.82% of REV Group worth $8,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REVG. DekaBank Deutsche Girozentrale purchased a new stake in REV Group during the 4th quarter valued at about $39,000. AJOVista LLC purchased a new stake in REV Group during the 4th quarter valued at about $68,000. Virtu Financial LLC purchased a new stake in REV Group during the 4th quarter valued at about $187,000. Semanteon Capital Management LP purchased a new stake in REV Group during the 4th quarter valued at about $436,000. Finally, Quadrature Capital Ltd boosted its holdings in REV Group by 119.7% during the 3rd quarter. Quadrature Capital Ltd now owns 38,139 shares of the company's stock valued at $610,000 after acquiring an additional 20,782 shares during the period.

REV Group Stock Up 0.2 %

Shares of NYSE:REVG traded up $0.04 during trading on Friday, hitting $24.90. The stock had a trading volume of 3,926,784 shares, compared to its average volume of 875,697. REV Group, Inc. has a 12 month low of $12.51 and a 12 month high of $28.59. The company has a market capitalization of $1.29 billion, a PE ratio of 6.09 and a beta of 1.69. The firm's fifty day moving average is $25.32 and its 200 day moving average is $21.36. The company has a quick ratio of 0.53, a current ratio of 1.75 and a debt-to-equity ratio of 0.58.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, June 28th. REV Group's dividend payout ratio (DPR) is presently 4.89%.

Wall Street Analysts Forecast Growth

REVG has been the subject of a number of recent analyst reports. StockNews.com lowered REV Group from a "strong-buy" rating to a "buy" rating in a research report on Thursday, April 25th. Morgan Stanley initiated coverage on REV Group in a research report on Tuesday, June 11th. They set an "equal weight" rating and a $29.50 price target for the company. Finally, The Goldman Sachs Group upped their price target on REV Group from $18.00 to $20.00 and gave the company a "sell" rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.50.

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.