Principal Financial Group Inc. Buys 30,262 Shares of REV Group, Inc. (NYSE:REVG)

Principal Financial Group Inc. increased its position in REV Group, Inc. (NYSE:REVG - Free Report) by 151.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,252 shares of the company's stock after buying an additional 30,262 shares during the period. Principal Financial Group Inc. owned 0.10% of REV Group worth $1,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank boosted its holdings in REV Group by 67.5% during the second quarter. Amalgamated Bank now owns 1,777 shares of the company's stock valued at $44,000 after acquiring an additional 716 shares during the period. Farther Finance Advisors LLC raised its stake in shares of REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company's stock valued at $61,000 after buying an additional 461 shares in the last quarter. Atria Investments Inc acquired a new position in REV Group in the third quarter worth about $201,000. DekaBank Deutsche Girozentrale lifted its position in shares of REV Group by 257.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company's stock worth $187,000 after buying an additional 5,420 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in shares of REV Group in the 3rd quarter valued at $229,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on REVG shares. DA Davidson raised their target price on REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a research note on Friday, December 13th. The Goldman Sachs Group lifted their price target on shares of REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Finally, Robert W. Baird increased 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. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $33.75.

REV Group Price Performance

Shares of NYSE REVG traded up $2.05 during midday trading on Friday, reaching $33.89. The company's stock had a trading volume of 575,684 shares, compared to its average volume of 532,442. The company has a market cap of $1.77 billion, a P/E ratio of 7.55 and a beta of 1.61. REV Group, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $35.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 1.72. The business's 50 day moving average price is $30.69 and its two-hundred day moving average price is $28.53.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be paid a $0.06 dividend. This is an increase from REV Group's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 26th. REV Group's dividend payout ratio (DPR) is presently 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.