Rhumbline Advisers Buys 1,000 Shares of REV Group, Inc. (NYSE:REVG)

Rhumbline Advisers raised its stake in shares of REV Group, Inc. (NYSE:REVG) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,130 shares of the company’s stock after buying an additional 1,000 shares during the period. Rhumbline Advisers owned about 0.14% of REV Group worth $2,267,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in REVG. Farther Finance Advisors LLC grew its holdings in REV Group by 27.2% during 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 in the last quarter. Janney Montgomery Scott LLC increased its position in REV Group by 81.1% in the third quarter. Janney Montgomery Scott LLC now owns 29,841 shares of the company’s stock worth $837,000 after purchasing an additional 13,361 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of REV Group by 151.4% in the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after acquiring an additional 30,262 shares during the last quarter. Atria Investments Inc purchased a new stake in REV Group during the 3rd quarter valued at $201,000. Finally, Victory Capital Management Inc. grew its holdings in REV Group by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 29,334 shares of the company’s stock valued at $823,000 after purchasing an additional 822 shares during the last quarter.

Insider Activity

In related news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction that occurred on 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 directly owns 20,442 shares of the company’s stock, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.

REV Group Stock Down 7.8 %

Shares of NYSE REVG opened at $28.12 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $32.92 and a 200 day moving average of $30.49. REV Group, Inc. has a 12-month low of $17.76 and a 12-month high of $36.00. The stock has a market cap of $1.46 billion, a PE ratio of 6.26 and a beta of 1.60.

REV Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio is currently 5.35%.

Wall Street Analyst Weigh In

A number of brokerages have commented on REVG. DA Davidson upped their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Robert W. Baird upped their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their price target on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note 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 stock. According to MarketBeat.com, the company currently has an average 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.