Victory Capital Management Inc. Purchases 13,146 Shares of REV Group, Inc. (NYSE:REVG)

Victory Capital Management Inc. lifted its stake in shares of REV Group, Inc. (NYSE:REVG) by 44.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,480 shares of the company’s stock after acquiring an additional 13,146 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of REV Group worth $1,354,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of REV Group by 0.8% during the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock worth $2,776,000 after acquiring an additional 766 shares during the period. Janney Montgomery Scott LLC increased its position in shares of REV Group by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company’s stock worth $978,000 after acquiring an additional 859 shares during the period. Rhumbline Advisers increased its position in shares of REV Group by 1.4% during the fourth quarter. Rhumbline Advisers now owns 71,130 shares of the company’s stock worth $2,267,000 after acquiring an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of REV Group by 10.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock worth $336,000 after acquiring an additional 1,171 shares during the period. Finally, Quest Partners LLC increased its position 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 acquiring an additional 6,828 shares during the period.

REV Group Stock Performance

Shares of REVG stock opened at $31.29 on Wednesday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 6.97 and a beta of 1.56. The company’s 50 day moving average is $32.41 and its 200 day moving average is $30.48. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 52-week low of $18.13 and a 52-week high of $36.00.

REV Group Dividend Announcement

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

Insiders Place Their Bets

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction 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 transaction, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on REVG. DA Davidson raised their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. The Goldman Sachs Group lifted their price objective on shares of REV Group from $25.00 to $28.50 and gave the company 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 analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, REV Group presently has a consensus rating of “Hold” and an average target price 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.