Prudential Financial Inc. Purchases New Shares in REV Group, Inc. (NYSE:REVG)

Prudential Financial Inc. acquired a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 58,885 shares of the company's stock, valued at approximately $1,877,000. Prudential Financial Inc. owned 0.11% of REV Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in REV Group by 15.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company's stock valued at $36,621,000 after acquiring an additional 173,759 shares during the last quarter. Stifel Financial Corp grew its position in shares of REV Group by 40.4% in the third quarter. Stifel Financial Corp now owns 308,423 shares of the company's stock valued at $8,654,000 after purchasing an additional 88,798 shares during the period. Barclays PLC increased its stake in REV Group by 355.5% in the third quarter. Barclays PLC now owns 89,619 shares of the company's stock valued at $2,515,000 after purchasing an additional 69,946 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in REV Group during the fourth quarter worth about $2,077,000. Finally, Legato Capital Management LLC boosted its stake in REV Group by 113.0% in the 4th quarter. Legato Capital Management LLC now owns 111,318 shares of the company's stock worth $3,548,000 after buying an additional 59,066 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on REVG shares. DA Davidson increased their price objective on shares of REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a report on Friday, December 13th. The Goldman Sachs Group increased their price target on shares of REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Finally, Robert W. Baird boosted their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $33.75.

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Insider Activity

In other news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction dated 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 owns 20,442 shares in the company, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company's stock.

REV Group Trading Up 1.5 %

REVG traded up $0.43 on Tuesday, reaching $29.25. 614,238 shares of the company's stock were exchanged, compared to its average volume of 675,045. REV Group, Inc. has a twelve month low of $20.51 and a twelve month high of $36.00. The company's 50 day moving average is $31.82 and its 200-day moving average is $30.89. 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 has a market cap of $1.51 billion, a price-to-earnings ratio of 6.51 and a beta of 1.22.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Friday, March 28th. REV Group's payout ratio is currently 13.48%.

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.