Principal Financial Group Inc. Grows Stock Holdings in REV Group, Inc. (NYSE:REVG)

Principal Financial Group Inc. grew its stake in shares of REV Group, Inc. (NYSE:REVG) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,906 shares of the company’s stock after acquiring an additional 7,654 shares during the period. Principal Financial Group Inc. owned 0.11% of REV Group worth $1,845,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of REV Group by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after purchasing an additional 461 shares during the period. Planning Center Inc. bought a new position in REV Group in the 4th quarter worth about $223,000. Atria Investments Inc purchased a new stake in shares of REV Group in the 3rd quarter valued at about $201,000. D.A. Davidson & CO. bought a new stake in shares of REV Group during the 3rd quarter valued at about $229,000. Finally, Quest Partners LLC grew its holdings in shares of REV Group by 436.6% during the third quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock worth $235,000 after purchasing an additional 6,828 shares in the last quarter.

Insider Buying and Selling at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction 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 approximately $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

REV Group Price Performance

Shares of NYSE:REVG opened at $27.97 on Thursday. 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 stock has a market cap of $1.46 billion, a PE ratio of 6.23 and a beta of 1.60. The company’s fifty day moving average is $32.78 and its 200 day moving average is $30.47. REV Group, Inc. has a 52 week low of $17.76 and a 52 week high of $36.00.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on REVG. Robert W. Baird raised their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group raised their price target on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research report on Thursday, December 12th. Finally, DA Davidson upped 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.75.

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.