REV Group, Inc. (NYSE:REVG) Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,238,928 shares of the company's stock after buying an additional 39,323 shares during the period. Vanguard Group Inc. owned 10.07% of REV Group worth $166,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in REVG. RD Lewis Holdings Inc. purchased a new stake in REV Group during the fourth quarter valued at about $228,000. Planning Center Inc. acquired a new position in shares of REV Group in the 4th quarter valued at about $223,000. XTX Topco Ltd purchased a new stake in shares of REV Group during the 3rd quarter worth about $277,000. Commonwealth Equity Services LLC increased its position in REV Group by 30.2% during 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, KLP Kapitalforvaltning AS purchased a new position in REV Group in the fourth quarter valued at approximately $364,000.

REV Group Stock Up 3.5 %

Shares of REVG traded up $1.07 during mid-day trading on Friday, reaching $32.00. 549,414 shares of the stock traded hands, compared to its average volume of 703,377. The stock has a fifty day simple moving average of $31.46 and a 200 day simple moving average of $30.94. REV Group, Inc. has a 12-month low of $20.51 and a 12-month high of $36.00. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 7.13 and a beta of 1.22.

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REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. REV Group's dividend payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on REVG. DA Davidson boosted their price objective on shares of REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their price target 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 increased their price target on REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.75.

Insider Buying and Selling at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares of the company's stock, valued at $658,436.82. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by corporate insiders.

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.