Sei Investments Co. Trims Stock Position in REV Group, Inc. (NYSE:REVG)

Sei Investments Co. trimmed its holdings in REV Group, Inc. (NYSE:REVG) by 36.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 73,086 shares of the company’s stock after selling 41,556 shares during the period. Sei Investments Co. owned approximately 0.14% of REV Group worth $2,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in shares of REV Group by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock worth $2,776,000 after purchasing an additional 766 shares during the period. Janney Montgomery Scott LLC boosted its stake in 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 buying an additional 859 shares during the period. Rhumbline Advisers boosted its stake in 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 buying 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 valued at $336,000 after acquiring an additional 1,171 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of REV Group by 30.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,180 shares of the company’s stock valued at $324,000 after acquiring an additional 2,362 shares during the period.

Wall Street Analysts Forecast Growth

REVG has been the subject of a number of research analyst reports. Robert W. Baird increased 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. 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. Finally, DA Davidson increased their target price on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. One investment 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, the company presently has an average rating of “Hold” and a consensus price target of $33.75.

Insider Buying and Selling

In related news, CAO Joseph Ladue sold 4,533 shares of REV Group 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 in the company, valued at $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is currently owned by insiders.

REV Group Stock Performance

Shares of REVG stock opened at $29.21 on Friday. The firm has a 50 day moving average of $31.92 and a two-hundred day moving average of $30.85. The stock has a market capitalization of $1.51 billion, a PE ratio of 6.51 and a beta of 1.21. 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 $20.51 and a 52 week high of $36.00.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a $0.06 dividend. 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 0.82%. REV Group’s dividend payout ratio (DPR) is presently 13.48%.

REV Group 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.