Wellington Management Group LLP Sells 456,902 Shares of REV Group, Inc. (NYSE:REVG)

Wellington Management Group LLP decreased its position in REV Group, Inc. (NYSE:REVG - Free Report) by 34.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 867,535 shares of the company's stock after selling 456,902 shares during the quarter. Wellington Management Group LLP owned approximately 1.67% of REV Group worth $27,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hennessy Advisors Inc. grew its position in REV Group by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after buying an additional 29,400 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of REV Group in the 4th quarter worth approximately $2,077,000. Principal Financial Group Inc. raised its holdings in shares of REV Group by 151.4% in the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock worth $1,410,000 after purchasing an additional 30,262 shares during the period. Ieq Capital LLC bought a new position in REV Group during the fourth quarter valued at $614,000. Finally, Anchor Capital Advisors LLC bought a new stake in shares of REV Group in the fourth quarter valued at $1,768,000.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised their price target on REV Group from $33.00 to $39.00 and gave the stock a "buy" rating in a report on Friday, December 13th. 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, the company currently has an average rating of "Hold" and a consensus target price of $33.75.

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Insider Activity at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the 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 completion of the transaction, the chief accounting officer now owns 20,442 shares of the company's stock, valued at approximately $658,436.82. This represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

REV Group Trading Up 3.5 %

Shares of NYSE REVG traded up $1.07 during mid-day trading on Friday, hitting $32.00. The stock had a trading volume of 549,414 shares, compared to its average volume of 703,377. The firm has a market cap of $1.65 billion, a P/E ratio of 7.13 and a beta of 1.22. 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 business has a 50 day moving average price of $31.42 and a two-hundred day moving average price of $30.97. REV Group, Inc. has a 1 year low of $20.51 and a 1 year high of $36.00.

REV Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, March 28th. REV Group's payout ratio is 13.48%.

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.