State Street Corp Acquires 35,066 Shares of REV Group, Inc. (NYSE:REVG)

State Street Corp grew its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,089,130 shares of the company's stock after acquiring an additional 35,066 shares during the quarter. State Street Corp owned about 2.09% of REV Group worth $30,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of REVG. FMR LLC boosted its stake in REV Group by 68.3% during the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company's stock valued at $173,227,000 after purchasing an additional 2,504,568 shares during the last quarter. Nicholas Investment Partners LP boosted its position in shares of REV Group by 4.8% during the second quarter. Nicholas Investment Partners LP now owns 755,001 shares of the company's stock valued at $18,792,000 after buying an additional 34,555 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of REV Group by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company's stock valued at $20,120,000 after buying an additional 18,936 shares during the last quarter. AQR Capital Management LLC grew its holdings in REV Group by 17.2% during the second quarter. AQR Capital Management LLC now owns 416,603 shares of the company's stock worth $10,369,000 after buying an additional 61,111 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in REV Group by 19.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 364,336 shares of the company's stock valued at $9,068,000 after buying an additional 59,306 shares during the last quarter.

Wall Street Analysts Forecast Growth

REVG has been the topic of a number of analyst reports. DA Davidson lifted their price objective 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. StockNews.com downgraded shares of REV Group from a "buy" rating to a "hold" rating in a research report on Thursday, September 5th. The Goldman Sachs Group lifted their target price on shares of REV Group from $25.00 to $28.50 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Finally, 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 report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $33.75.

REV Group Stock Performance

REVG stock traded down $0.33 during mid-day trading on Friday, hitting $31.78. The company had a trading volume of 1,163,841 shares, compared to its average volume of 767,836. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 1.72. The firm has a market cap of $1.66 billion, a PE ratio of 7.08 and a beta of 1.61. REV Group, Inc. has a 12 month low of $16.00 and a 12 month high of $35.96. The stock's fifty day moving average price is $29.96 and its two-hundred day moving average price is $28.20.

REV Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be paid a $0.06 dividend. This is an increase 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 0.76%. REV Group's dividend payout ratio is presently 5.35%.

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.