Captrust Financial Advisors Sells 2,657 Shares of REV Group, Inc. (NYSE:REVG)

Captrust Financial Advisors decreased its position in REV Group, Inc. (NYSE:REVG) by 23.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,717 shares of the company’s stock after selling 2,657 shares during the quarter. Captrust Financial Advisors’ holdings in REV Group were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of REVG. Amalgamated Bank grew its stake in shares of REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after acquiring an additional 716 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in REV Group by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after buying an additional 461 shares in the last quarter. CWM LLC boosted its stake in REV Group by 525.6% during the second quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after buying an additional 3,369 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in REV Group by 257.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock worth $187,000 after buying an additional 5,420 shares in the last quarter. Finally, Atria Investments Inc bought a new position in shares of REV Group during the third quarter valued at $201,000.

REV Group Stock Performance

REV Group stock opened at $35.23 on Monday. The stock has a 50-day simple moving average of $29.44 and a 200 day simple moving average of $27.98. The company has a quick ratio of 0.57, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 12-month low of $16.00 and a 12-month high of $35.96. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.85 and a beta of 1.61.

REV Group Increases Dividend

The firm also recently declared 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.68%. This is a boost from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, December 26th. REV Group’s payout ratio is currently 4.45%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. DA Davidson lifted their price objective on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group lifted their price objective on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday. Finally, Robert W. Baird lifted their price objective on REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.75.

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.