Charles Schwab Investment Management Inc. Decreases Stock Holdings in REV Group, Inc. (NYSE:REVG)

Charles Schwab Investment Management Inc. lowered its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 695,807 shares of the company's stock after selling 21,220 shares during the period. Charles Schwab Investment Management Inc. owned 1.34% of REV Group worth $22,175,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Planning Center Inc. bought a new stake in REV Group in the fourth quarter valued at $223,000. Atria Investments Inc bought a new stake in REV Group in the third quarter valued at $201,000. D.A. Davidson & CO. purchased a new position in REV Group during the third quarter valued at $229,000. Quest Partners LLC lifted its position in REV Group by 436.6% during the third quarter. Quest Partners LLC now owns 8,392 shares of the company's stock valued at $235,000 after buying an additional 6,828 shares during the period. Finally, XTX Topco Ltd purchased a new position in REV Group during the third quarter valued at $277,000.

Insider Transactions at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the business's 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 transaction, the chief accounting officer now owns 20,442 shares of the company's stock, valued at approximately $658,436.82. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.

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REV Group Stock Down 0.9 %

Shares of REVG traded down $0.29 during trading hours on Friday, hitting $31.51. The company had a trading volume of 852,434 shares, compared to its average volume of 695,071. The firm has a fifty day moving average price of $32.34 and a 200-day moving average price of $30.49. 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 stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 7.02 and a beta of 1.56. REV Group, Inc. has a 52-week low of $18.51 and a 52-week high of $36.00.

REV Group Dividend Announcement

The business also recently declared 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 0.76%. The ex-dividend date is Friday, March 28th. REV Group's dividend payout ratio is presently 13.48%.

Wall Street Analysts Forecast Growth

REVG has been the subject of several recent research reports. 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 research report on Thursday, December 12th. The Goldman Sachs Group raised 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 raised their price objective on REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.75.

REV Group 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.