Bank of New York Mellon Corp Has $8.12 Million Stake in REV Group, Inc. (NYSE:REVG)

Bank of New York Mellon Corp decreased its holdings in REV Group, Inc. (NYSE:REVG) by 19.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,859 shares of the company’s stock after selling 62,810 shares during the period. Bank of New York Mellon Corp owned about 0.49% of REV Group worth $8,122,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Atria Investments Inc bought a new stake in shares of REV Group in the 3rd quarter valued at approximately $201,000. Planning Center Inc. bought a new stake in shares of REV Group in the 4th quarter valued at approximately $223,000. D.A. Davidson & CO. bought a new stake in shares of REV Group in the 3rd quarter valued at approximately $229,000. Quest Partners LLC grew its stake in shares of REV Group by 436.6% in the 3rd quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock valued at $235,000 after buying an additional 6,828 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of REV Group in the 3rd quarter valued at approximately $277,000.

Insiders Place Their Bets

In other news, CAO Joseph Ladue sold 4,533 shares of the 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

REV Group Stock Up 2.4 %

Shares of REV Group stock opened at $30.88 on Friday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 6.88 and a beta of 1.56. 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 50 day moving average price of $32.58 and a two-hundred day moving average price of $30.48. REV Group, Inc. has a 12-month low of $18.13 and a 12-month high of $36.00.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.78%. REV Group’s payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on REVG shares. The Goldman Sachs Group boosted their price target on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note 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 boosted their price target on REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, REV Group 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.