REV Group, Inc. (NYSE:REVG) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in shares of REV Group, Inc. (NYSE:REVG) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 490,150 shares of the company’s stock after buying an additional 68,047 shares during the quarter. Wellington Management Group LLP owned about 0.82% of REV Group worth $8,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of REV Group in the 4th quarter worth $39,000. AJOVista LLC purchased a new position in REV Group during the fourth quarter worth about $68,000. Virtu Financial LLC acquired a new position in REV Group in the 4th quarter valued at about $187,000. Semanteon Capital Management LP acquired a new position in REV Group in the 4th quarter valued at about $436,000. Finally, Quadrature Capital Ltd grew its stake in shares of REV Group by 119.7% in the 3rd quarter. Quadrature Capital Ltd now owns 38,139 shares of the company’s stock valued at $610,000 after buying an additional 20,782 shares during the period.

REV Group Trading Down 0.5 %

Shares of NYSE REVG opened at $24.84 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.53 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $1.29 billion, a PE ratio of 6.07 and a beta of 1.69. REV Group, Inc. has a twelve month low of $12.51 and a twelve month high of $28.59. The stock has a fifty day simple moving average of $25.24 and a 200-day simple moving average of $21.30.

REV Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a yield of 0.81%. REV Group’s dividend payout ratio (DPR) is presently 4.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on REVG. StockNews.com lowered shares of REV Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group increased their price target on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley assumed coverage on REV Group in a research report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.50.

REV Group Company 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.