Joseph Ladue Sells 4,533 Shares of REV Group, Inc. (NYSE:REVG) Stock

REV Group, Inc. (NYSE:REVG) CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

REV Group Stock Performance

Shares of REV Group stock opened at $33.91 on Friday. The firm has a market cap of $1.77 billion, a PE ratio of 7.55 and a beta of 1.61. REV Group, Inc. has a 1 year low of $16.00 and a 1 year high of $35.96. The firm’s 50-day simple moving average is $31.64 and its 200-day simple moving average is $28.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

REV Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, December 26th. This is an increase from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ellsworth Advisors LLC bought a new position in REV Group during the fourth quarter worth $681,000. Hennessy Advisors Inc. lifted its position 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 worth $14,689,000 after buying an additional 29,400 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of REV Group by 151.4% in the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after buying an additional 30,262 shares during the period. Franklin Resources Inc. grew its position 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 valued at $2,776,000 after buying an additional 766 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in REV Group by 15.4% during the third quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock worth $36,621,000 after acquiring an additional 173,759 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on REVG. Robert W. Baird upped their price objective 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. The Goldman Sachs Group increased their price target on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday, December 12th. Finally, DA Davidson lifted their price objective on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.75.

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.