UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in REV Group, Inc. (NYSE:REVG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of REV Group, Inc. (NYSE:REVG) by 10.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,500 shares of the company’s stock after selling 10,393 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of REV Group worth $2,427,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after acquiring an additional 3,369 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in REV Group by 45.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,692 shares of the company’s stock worth $440,000 after purchasing an additional 5,528 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in REV Group in the second quarter valued at approximately $9,535,000. Bank of New York Mellon Corp increased its position in shares of REV Group by 19.4% in the second quarter. Bank of New York Mellon Corp now owns 364,336 shares of the company’s stock valued at $9,068,000 after buying an additional 59,306 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of REV Group by 11.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company’s stock worth $269,000 after buying an additional 1,067 shares during the period.

Wall Street Analyst Weigh In

REVG has been the topic of a number of research analyst reports. DA Davidson lifted their price target on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday. 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 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. Finally, Robert W. Baird raised their price target on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, REV Group has a consensus rating of “Hold” and an average price target of $33.75.

REV Group Price Performance

Shares of NYSE REVG opened at $35.23 on Friday. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 7.85 and a beta of 1.61. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. REV Group, Inc. has a 52 week low of $16.00 and a 52 week high of $35.96. The firm has a 50-day simple moving average of $29.44 and a 200-day simple moving average of $27.97.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be given a $0.06 dividend. The ex-dividend date is Thursday, December 26th. This is a positive change from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.68%. REV Group’s dividend payout ratio is 4.45%.

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.