Stifel Financial Corp Increases Holdings in REV Group, Inc. (NYSE:REVG)

Stifel Financial Corp lifted its position in REV Group, Inc. (NYSE:REVG - Free Report) by 40.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,423 shares of the company's stock after acquiring an additional 88,798 shares during the period. Stifel Financial Corp owned approximately 0.59% of REV Group worth $8,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC lifted its position in shares of REV Group by 31.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 315,530 shares of the company's stock worth $8,854,000 after purchasing an additional 76,100 shares in the last quarter. HighTower Advisors LLC grew its holdings in REV Group by 39.5% in the 3rd quarter. HighTower Advisors LLC now owns 69,657 shares of the company's stock valued at $1,957,000 after buying an additional 19,722 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 worth $336,000 after purchasing an additional 1,171 shares in the last quarter. D.A. Davidson & CO. bought a new position in REV Group during the 3rd quarter worth $229,000. Finally, FMR LLC increased its holdings in REV Group by 68.3% in the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company's stock valued at $173,227,000 after buying an additional 2,504,568 shares during the period.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird raised their target price on shares of REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on shares of REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research note on Thursday. DA Davidson lifted their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a research note on Friday. Finally, StockNews.com cut shares of REV Group from a "buy" rating to a "hold" rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $33.75.

REV Group Stock Up 3.6 %

Shares of NYSE REVG traded up $1.23 during trading on Friday, hitting $35.23. 790,876 shares of the company traded hands, compared to its average volume of 766,239. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 7.85 and a beta of 1.61. The business's fifty day moving average is $29.44 and its 200 day moving average is $27.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 1.85. REV Group, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $35.96.

REV Group Increases Dividend

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

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.