66,300 Shares in REV Group, Inc. (NYSE:REVG) Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. purchased a new position in shares of REV Group, Inc. (NYSE:REVG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 66,300 shares of the company’s stock, valued at approximately $2,077,000. Asset Management One Co. Ltd. owned about 0.13% of REV Group at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC lifted its holdings 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 worth $173,227,000 after acquiring an additional 2,504,568 shares during the last quarter. Geode Capital Management LLC increased its position in shares of REV Group by 15.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock valued at $36,621,000 after purchasing an additional 173,759 shares during the last quarter. State Street Corp increased its position in shares of REV Group by 3.3% in the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company’s stock valued at $30,615,000 after purchasing an additional 35,066 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of REV Group by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company’s stock valued at $20,120,000 after buying an additional 18,936 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of REV Group by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company’s stock valued at $14,689,000 after buying an additional 29,400 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently weighed in on REVG shares. The Goldman Sachs Group increased their price target 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. DA Davidson increased their price target on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Robert W. Baird raised their target price 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 assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.75.

REV Group Stock Performance

Shares of NYSE REVG opened at $33.39 on Thursday. The company has a market cap of $1.74 billion, a PE ratio of 7.44 and a beta of 1.60. REV Group, Inc. has a 12 month low of $17.76 and a 12 month high of $36.00. 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 company has a 50-day simple moving average of $33.24 and a 200-day simple moving average of $30.32.

REV Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a $0.06 dividend. The ex-dividend date was Thursday, December 26th. This is a boost from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.72%. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Insider Buying and Selling

In other REV Group 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 transaction of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

REV Group Company 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.