Wellington Management Group LLP Has $37.16 Million Stock Holdings in REV Group, Inc. (NYSE:REVG)

Wellington Management Group LLP reduced its position in REV Group, Inc. (NYSE:REVG - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,324,437 shares of the company's stock after selling 95,438 shares during the quarter. Wellington Management Group LLP owned about 2.55% of REV Group worth $37,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in REV Group by 3.3% during the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company's stock valued at $30,615,000 after acquiring an additional 35,066 shares during the period. Stifel Financial Corp increased its position in REV Group by 40.4% during the third quarter. Stifel Financial Corp now owns 308,423 shares of the company's stock worth $8,654,000 after buying an additional 88,798 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in REV Group by 31.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 315,530 shares of the company's stock worth $8,854,000 after buying an additional 76,100 shares during the period. HighTower Advisors LLC increased its position in REV Group by 39.5% during the third quarter. HighTower Advisors LLC now owns 69,657 shares of the company's stock worth $1,957,000 after buying an additional 19,722 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of REV Group by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company's stock valued at $336,000 after purchasing an additional 1,171 shares during the period.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research note on Thursday. DA Davidson reiterated a "buy" rating and issued a $33.00 target price on shares of REV Group in a research note on Thursday, September 5th. StockNews.com lowered REV Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 5th. Finally, Robert W. Baird increased their target price on REV Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $32.25.

REV Group Price Performance

Shares of REVG stock traded up $1.16 during trading hours on Friday, hitting $35.15. 384,778 shares of the company's stock were exchanged, compared to its average volume of 764,409. The stock's 50-day moving average is $29.29 and its 200-day moving average is $27.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 7.57 and a beta of 1.61. REV Group, Inc. has a 52 week low of $16.00 and a 52 week high of $35.96.

REV Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be paid a $0.06 dividend. This is a positive change from REV Group's previous quarterly dividend of $0.05. The ex-dividend date is Thursday, December 26th. This represents a $0.24 annualized dividend and a yield of 0.68%. REV Group's dividend payout ratio is presently 4.45%.

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.