Public Employees Retirement System of Ohio Reduces Stake in REV Group, Inc. (NYSE:REVG)

Public Employees Retirement System of Ohio cut its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 59.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,701 shares of the company's stock after selling 17,365 shares during the quarter. Public Employees Retirement System of Ohio's holdings in REV Group were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC grew its holdings in REV Group by 68.3% during the third quarter. FMR LLC now owns 6,173,446 shares of the company's stock worth $173,227,000 after acquiring an additional 2,504,568 shares during the period. AYAL Capital Advisors Ltd purchased a new position in shares of REV Group during the 2nd quarter valued at approximately $6,558,000. Anthracite Investment Company Inc. purchased a new position in shares of REV Group during the 3rd quarter valued at approximately $6,334,000. Wealth Enhancement Advisory Services LLC purchased a new stake in REV Group during the third quarter worth $5,973,000. Finally, Foundry Partners LLC acquired a new stake in REV Group during the third quarter valued at $3,837,000.

REV Group Price Performance

NYSE:REVG traded down $0.33 during trading hours on Friday, hitting $31.78. 1,163,841 shares of the stock were exchanged, compared to its average volume of 767,836. The firm's fifty day moving average price is $29.96 and its 200 day moving average price is $28.20. REV Group, Inc. has a 52-week low of $16.00 and a 52-week high of $35.96. The company has a market cap of $1.66 billion, a P/E ratio of 7.08 and a beta of 1.61. The company has a current ratio of 1.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20.

REV Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors 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 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, December 26th. REV Group's dividend payout ratio is currently 5.35%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. DA Davidson upped their price objective on shares of REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. StockNews.com cut REV Group from a "buy" rating to a "hold" rating in a report on Thursday, September 5th. Robert W. Baird raised their price objective on REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Finally, The Goldman Sachs Group upped their target price on REV Group from $25.00 to $28.50 and gave the stock a "sell" 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 issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $33.75.

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.