New York State Common Retirement Fund Sells 1,483 Shares of REV Group, Inc. (NYSE:REVG)

New York State Common Retirement Fund trimmed its stake in REV Group, Inc. (NYSE:REVG) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,863 shares of the company’s stock after selling 1,483 shares during the period. New York State Common Retirement Fund owned 0.17% of REV Group worth $2,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after buying an additional 461 shares during the last quarter. Atria Investments Inc bought a new stake in shares of REV Group in the third quarter valued at approximately $201,000. Planning Center Inc. bought a new position in REV Group during the fourth quarter worth $223,000. D.A. Davidson & CO. bought a new position in REV Group during the third quarter worth $229,000. Finally, Quest Partners LLC raised its stake in REV Group by 436.6% during the 3rd quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock valued at $235,000 after purchasing an additional 6,828 shares during the last quarter.

Insider Transactions at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the transaction, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.

REV Group Trading Up 0.3 %

Shares of NYSE REVG opened at $30.49 on Friday. REV Group, Inc. has a twelve month low of $17.76 and a twelve month high of $36.00. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 6.79 and a beta of 1.60. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average is $32.92 and its 200-day moving average is $30.46.

REV Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.79%. This is a positive change from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, December 26th. REV Group’s payout ratio is 5.35%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. The Goldman Sachs Group upped 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. DA Davidson boosted their price target on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Robert W. Baird raised their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.75.

REV Group 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.