REV Group, Inc. (NYSE:REVG) Stock Holdings Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 67.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,781 shares of the company's stock after selling 111,335 shares during the period. JPMorgan Chase & Co. owned about 0.11% of REV Group worth $1,537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in shares of REV Group by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company's stock valued at $61,000 after purchasing an additional 461 shares during the period. Amalgamated Bank increased its stake in REV Group by 67.5% during the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company's stock worth $44,000 after buying an additional 716 shares during the period. Franklin Resources Inc. lifted its holdings in REV Group by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock worth $2,776,000 after buying an additional 766 shares in the last quarter. Victory Capital Management Inc. boosted its position in REV Group by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 29,334 shares of the company's stock valued at $823,000 after buying an additional 822 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of REV Group by 10.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company's stock valued at $336,000 after acquiring an additional 1,171 shares in the last quarter.

Analyst Ratings Changes

REVG has been the subject of a number of recent analyst 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 note on Thursday, December 12th. DA Davidson upped their price target on shares of REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group raised their price objective on shares of REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a report on Thursday, December 12th. One 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $33.75.

REV Group Price Performance

Shares of NYSE REVG traded down $0.56 during mid-day trading on Friday, reaching $34.83. 427,953 shares of the company traded hands, compared to its average volume of 488,350. REV Group, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $36.00. The firm has a market cap of $1.81 billion, a PE ratio of 7.76 and a beta of 1.61. The stock has a fifty day simple moving average of $32.21 and a 200-day simple moving average of $29.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43.

REV Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.24 annualized dividend and a yield of 0.69%. This is a boost from REV Group's previous quarterly dividend of $0.05. REV Group's dividend payout ratio (DPR) is currently 5.35%.

Insider Buying and Selling

In other 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 completion of the sale, the chief accounting officer now owns 20,442 shares in the company, valued at approximately $658,436.82. This represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.