BNP Paribas Financial Markets Trims Holdings in REV Group, Inc. (NYSE:REVG)

BNP Paribas Financial Markets reduced its holdings in shares of REV Group, Inc. (NYSE:REVG) by 45.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,636 shares of the company’s stock after selling 18,590 shares during the period. BNP Paribas Financial Markets’ holdings in REV Group were worth $635,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of REVG. FMR LLC raised 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 worth $173,227,000 after acquiring an additional 2,504,568 shares during the last quarter. Anthracite Investment Company Inc. bought a new position in shares of REV Group during the third quarter valued at $6,334,000. Principal Financial Group Inc. boosted its position in shares of REV Group by 151.4% during the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after buying an additional 30,262 shares during the last quarter. American Century Companies Inc. increased its holdings in REV Group by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock worth $2,381,000 after buying an additional 19,674 shares in the last quarter. Finally, Natixis Advisors LLC purchased a new position in REV Group in the 2nd quarter worth about $753,000.

REV Group Price Performance

NYSE REVG opened at $33.99 on Friday. The company has a market cap of $1.77 billion, a PE ratio of 7.57 and a beta of 1.61. The firm’s 50 day moving average price is $29.29 and its 200-day moving average price is $27.89. 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 52-week low of $16.00 and a 52-week high of $35.96.

REV Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This is a boost from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.71%. REV Group’s dividend payout ratio is currently 5.35%.

Analyst Ratings Changes

Several analysts recently commented on REVG shares. Robert W. Baird lifted their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday. StockNews.com lowered shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 target price on shares of REV Group in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.25.

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.