REV Group (NYSE:REVG) Trading Up 4.1% – Here’s What Happened

REV Group, Inc. (NYSE:REVG)’s stock price traded up 4.1% during trading on Tuesday . The stock traded as high as $31.19 and last traded at $31.21. 310,037 shares were traded during trading, a decline of 50% from the average session volume of 623,119 shares. The stock had previously closed at $29.97.

Wall Street Analysts Forecast Growth

REVG has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research report on Thursday, December 12th. Robert W. Baird upped their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, DA Davidson raised their target price on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, REV Group has a consensus rating of “Hold” and a consensus target price of $33.75.

REV Group Price Performance

The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $32.41 and a 200 day moving average price of $30.48. The company has a market capitalization of $1.64 billion, a P/E ratio of 7.09 and a beta of 1.56.

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 dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Friday, March 28th. REV Group’s payout ratio is 13.48%.

Insider Transactions at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On REV Group

Several hedge funds have recently modified their holdings of REVG. FMR LLC increased its position in shares of REV Group by 26.7% during the fourth quarter. FMR LLC now owns 7,819,739 shares of the company’s stock worth $249,215,000 after buying an additional 1,646,293 shares during the period. Vanguard Group Inc. increased its stake in REV Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company’s stock valued at $166,965,000 after purchasing an additional 39,323 shares in the last quarter. Invesco Ltd. lifted its position in REV Group by 43.4% in the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company’s stock valued at $55,185,000 after acquiring an additional 524,369 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of REV Group by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company’s stock valued at $44,121,000 after purchasing an additional 79,243 shares in the last quarter. Finally, State Street Corp boosted its holdings in REV Group by 3.3% during the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company’s stock worth $30,615,000 after acquiring an additional 35,066 shares during the last quarter.

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.