Planning Center Inc. Acquires Shares of 7,000 REV Group, Inc. (NYSE:REVG)

Planning Center Inc. bought a new position in REV Group, Inc. (NYSE:REVG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 7,000 shares of the company’s stock, valued at approximately $223,000.

A number of other large investors have also made changes to their positions in REVG. Amalgamated Bank boosted its stake in REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after purchasing an additional 716 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of REV Group by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after purchasing an additional 461 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of REV Group in the third quarter worth $201,000. D.A. Davidson & CO. purchased a new position in shares of REV Group during the third quarter valued at $229,000. Finally, Quest Partners LLC raised its position in REV Group by 436.6% during the third quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock valued at $235,000 after buying an additional 6,828 shares during the period.

Insider Buying and Selling at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was 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 owns 20,442 shares in the company, valued at approximately $658,436.82. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

REV Group Stock Up 0.1 %

REVG opened at $33.80 on Wednesday. The company has a market capitalization of $1.76 billion, a PE ratio of 7.53 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. REV Group, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $36.00. The business has a 50-day moving average of $32.39 and a 200-day moving average of $29.58.

REV Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio (DPR) is presently 5.35%.

Analyst Ratings Changes

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