Victory Capital Management Inc. Raises Stock Holdings in REV Group, Inc. (NYSE:REVG)

Victory Capital Management Inc. lifted its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,480 shares of the company's stock after acquiring an additional 13,146 shares during the period. Victory Capital Management Inc. owned 0.08% of REV Group worth $1,354,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Anchor Capital Advisors LLC bought a new position in shares of REV Group in the 4th quarter worth $1,768,000. Navellier & Associates Inc. raised its position in shares of REV Group by 70.3% in the 4th quarter. Navellier & Associates Inc. now owns 32,926 shares of the company's stock worth $1,049,000 after acquiring an additional 13,593 shares in the last quarter. Ieq Capital LLC bought a new position in shares of REV Group in the 4th quarter worth $614,000. Principal Financial Group Inc. raised its position in shares of REV Group by 15.2% in the 4th quarter. Principal Financial Group Inc. now owns 57,906 shares of the company's stock worth $1,845,000 after acquiring an additional 7,654 shares in the last quarter. Finally, Rhumbline Advisers increased its position in REV Group by 1.4% during the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock valued at $2,267,000 after buying an additional 1,000 shares in the last quarter.

Insider Buying and Selling at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the company's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the sale, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company's stock.

Remove Ads

REV Group Stock Performance

REV Group stock traded down $0.29 during trading hours on Friday, hitting $31.51. 852,434 shares of the stock traded hands, compared to its average volume of 695,071. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The firm's 50 day moving average price is $32.34 and its 200-day moving average price is $30.49. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 7.02 and a beta of 1.56. REV Group, Inc. has a 1 year low of $18.51 and a 1 year high of $36.00.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, March 28th. This represents a $0.24 annualized dividend and a yield of 0.76%. REV Group's payout ratio is presently 13.48%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on REVG. The Goldman Sachs Group upped their target price on REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research report on Thursday, December 12th. DA Davidson upped their target price on REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, December 13th. 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 research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $33.75.

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.