Atria Investments Inc Has $210,000 Stock Holdings in REV Group, Inc. (NYSE:REVG)

Atria Investments Inc lowered its holdings in shares of REV Group, Inc. (NYSE:REVG) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,588 shares of the company’s stock after selling 574 shares during the period. Atria Investments Inc’s holdings in REV Group were worth $210,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in REVG. Hennessy Advisors Inc. increased its stake in REV Group by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company’s stock valued at $14,689,000 after purchasing an additional 29,400 shares in the last quarter. FMR LLC grew its stake in shares of 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 buying an additional 2,504,568 shares during the period. Asset Management One Co. Ltd. bought a new stake in REV Group in the 4th quarter valued at about $2,077,000. Anthracite Investment Company Inc. acquired a new position in REV Group during the 3rd quarter worth approximately $6,334,000. Finally, Principal Financial Group Inc. boosted its holdings in REV Group by 151.4% in 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.

REV Group Stock Performance

Shares of REVG opened at $31.29 on Wednesday. The stock has a 50 day moving average of $32.41 and a 200 day moving average of $30.48. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 12 month low of $18.13 and a 12 month high of $36.00. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 6.97 and a beta of 1.56.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors 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 annualized dividend and a yield of 0.77%. REV Group’s payout ratio is currently 13.48%.

Analysts Set New Price Targets

Several research firms have recently commented on REVG. DA Davidson boosted their price objective on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group upped their price objective on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday, December 12th. Finally, Robert W. Baird lifted their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a 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 given a buy rating to the company’s stock. According to MarketBeat.com, REV Group presently has an average rating of “Hold” and a consensus target price of $33.75.

Insider Buying and Selling

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction on Monday, January 13th. The stock was 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by corporate insiders.

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.