Barclays PLC Purchases 69,946 Shares of REV Group, Inc. (NYSE:REVG)

Barclays PLC raised its position in REV Group, Inc. (NYSE:REVG) by 355.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,619 shares of the company’s stock after buying an additional 69,946 shares during the quarter. Barclays PLC owned about 0.17% of REV Group worth $2,515,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its stake in REV Group by 68.3% in the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock valued at $173,227,000 after acquiring an additional 2,504,568 shares during the period. Anthracite Investment Company Inc. bought a new stake in REV Group during the 3rd quarter valued at $6,334,000. Principal Financial Group Inc. lifted 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 worth $1,410,000 after acquiring an additional 30,262 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of REV Group by 25.9% in the second quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock worth $2,381,000 after acquiring an additional 19,674 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of REV Group by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock valued at $336,000 after purchasing an additional 1,171 shares in the last quarter.

Analyst Upgrades and Downgrades

REVG has been the topic of a number of recent research reports. DA Davidson increased their price objective on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research report on Thursday, December 12th. Robert W. Baird upped their target price on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, StockNews.com downgraded shares of REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. One investment 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, the company has a consensus rating of “Hold” and an average target price of $33.75.

REV Group Stock Performance

NYSE REVG opened at $31.51 on Thursday. REV Group, Inc. has a 52-week low of $16.00 and a 52-week high of $35.96. The company has a fifty day moving average of $30.09 and a 200-day moving average of $28.25. The company has a market capitalization of $1.64 billion, a P/E ratio of 7.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 1.72.

REV Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, December 26th. This represents a $0.24 annualized dividend and a yield of 0.76%. This is a positive change from REV Group’s previous quarterly dividend of $0.05. REV Group’s payout ratio is 5.35%.

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.