REV Group, Inc. (NYSE:REVG) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in REV Group, Inc. (NYSE:REVG - Free Report) by 36.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,086 shares of the company's stock after selling 41,556 shares during the period. Sei Investments Co. owned about 0.14% of REV Group worth $2,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Planning Center Inc. bought a new position in shares of REV Group in the fourth quarter worth about $223,000. RD Lewis Holdings Inc. bought a new position in shares of REV Group during the fourth quarter worth $228,000. XTX Topco Ltd purchased a new position in REV Group during the third quarter valued at $277,000. Commonwealth Equity Services LLC lifted its stake in REV Group by 30.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,180 shares of the company's stock worth $324,000 after purchasing an additional 2,362 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of REV Group by 10.8% during the 3rd 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 last quarter.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on REVG. Robert W. Baird lifted their price objective on REV Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. The Goldman Sachs Group increased their price objective on shares of 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 boosted their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a report on Friday, December 13th. One investment 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $33.75.

REV Group Trading Up 9.6 %

REVG stock traded up $2.77 during midday trading on Wednesday, reaching $31.63. The company's stock had a trading volume of 1,831,202 shares, compared to its average volume of 706,253. The stock has a fifty day simple moving average of $31.50 and a two-hundred day simple moving average of $30.92. 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 firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 7.04 and a beta of 1.22. REV Group, Inc. has a 1 year low of $20.51 and a 1 year 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 paid a dividend of $0.06 per share. 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%.

Insider Transactions 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. Corporate insiders own 1.70% of the company's stock.

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.