REV Group, Inc. (NYSE:REVG) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 29.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 144,526 shares of the company's stock after buying an additional 32,651 shares during the period. American Century Companies Inc. owned approximately 0.28% of REV Group worth $4,606,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hennessy Advisors Inc. increased its position in REV Group by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after acquiring an additional 29,400 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in REV Group during the 4th quarter valued at about $2,077,000. Principal Financial Group Inc. raised its position in REV Group by 151.4% in the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock worth $1,410,000 after purchasing an additional 30,262 shares during the period. Ieq Capital LLC purchased a new stake in REV Group in the 4th quarter worth about $614,000. Finally, Anchor Capital Advisors LLC bought a new stake in REV Group in the fourth quarter worth about $1,768,000.

Insider Activity at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the sale, the chief accounting officer now owns 20,442 shares of the company's stock, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

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REV Group Trading Down 1.9 %

Shares of NYSE REVG traded down $0.61 during trading hours on Thursday, reaching $30.94. The stock had a trading volume of 775,617 shares, compared to its average volume of 704,475. The business's fifty day moving average price is $31.46 and its two-hundred day moving average price is $30.94. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 6.89 and a beta of 1.22. REV Group, Inc. has a 52-week low of $20.51 and a 52-week high of $36.00. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.78%. REV Group's dividend payout ratio is currently 13.48%.

Analyst Ratings Changes

A number of research analysts have recently commented on REVG shares. Robert W. Baird upped their target price on REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. The Goldman Sachs Group upped their price objective on REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research report on Thursday, December 12th. Finally, DA Davidson lifted their target price on REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. 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 company's stock. According to MarketBeat, the stock currently has a consensus 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.