Natixis Advisors LLC Grows Stock Holdings in REV Group, Inc. (NYSE:REVG)

Natixis Advisors LLC grew its holdings in shares of REV Group, Inc. (NYSE:REVG) by 22.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,704 shares of the company’s stock after purchasing an additional 10,207 shares during the quarter. Natixis Advisors LLC owned approximately 0.11% of REV Group worth $1,775,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in REVG. Atria Investments Inc purchased a new stake in REV Group in the third quarter valued at approximately $201,000. Planning Center Inc. acquired a new position in shares of REV Group in the 4th quarter valued at $223,000. D.A. Davidson & CO. purchased a new stake in shares of REV Group during the 3rd quarter valued at $229,000. Quest Partners LLC increased its holdings in shares of REV Group by 436.6% during the 3rd quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock worth $235,000 after buying an additional 6,828 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of REV Group in the 3rd quarter worth $277,000.

Insider Activity

In related news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on REVG shares. The Goldman Sachs Group lifted their price objective on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday, December 12th. Robert W. Baird lifted their price target 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. Finally, DA Davidson increased their price objective 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.75.

REV Group Price Performance

NYSE REVG opened at $32.36 on Tuesday. The company has a 50-day moving average price of $32.35 and a two-hundred day moving average price of $30.57. REV Group, Inc. has a 52 week low of $18.51 and a 52 week high of $36.00. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 7.21 and a beta of 1.56. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Friday, March 28th. REV Group’s dividend payout ratio (DPR) is presently 13.48%.

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.