REV Group, Inc. (NYSE:REVG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in REV Group, Inc. (NYSE:REVG) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 695,807 shares of the company’s stock after selling 21,220 shares during the period. Charles Schwab Investment Management Inc. owned 1.34% of REV Group worth $22,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of REVG. Atria Investments Inc acquired a new stake in REV Group during the third quarter worth about $201,000. Planning Center Inc. acquired a new stake in REV Group during the fourth quarter worth about $223,000. D.A. Davidson & CO. acquired a new stake in REV Group during the third quarter worth about $229,000. Quest Partners LLC increased its position in 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 during the last quarter. Finally, XTX Topco Ltd acquired a new stake in REV Group during the third quarter worth about $277,000.

REV Group Trading Up 4.4 %

Shares of REVG stock opened at $31.29 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The firm has a market cap of $1.62 billion, a PE ratio of 6.97 and a beta of 1.56. The company has a 50-day moving average of $32.41 and a two-hundred day moving average of $30.48. REV Group, Inc. has a 1-year low of $18.13 and a 1-year high of $36.00.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, March 28th. REV Group’s payout ratio is 13.48%.

Insider Activity

In other news, CAO Joseph Ladue sold 4,533 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were 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 of the company’s stock, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on REVG shares. Robert W. Baird raised their price objective on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. DA Davidson increased 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. Finally, The Goldman Sachs Group increased their target price on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.