Amalgamated Bank raised its holdings in REV Group, Inc. (NYSE:REVG – Free Report) by 67.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,777 shares of the company’s stock after buying an additional 716 shares during the quarter. Amalgamated Bank’s holdings in REV Group were worth $44,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of REVG. Campbell & CO Investment Adviser LLC lifted its stake in REV Group by 31.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 82,311 shares of the company’s stock valued at $1,496,000 after buying an additional 19,565 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of REV Group during the fourth quarter valued at $187,000. Wellington Management Group LLP increased its position in REV Group by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 490,150 shares of the company’s stock worth $8,906,000 after purchasing an additional 68,047 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in REV Group in the 1st quarter valued at about $641,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in REV Group in the 1st quarter valued at about $269,000.
REV Group Stock Performance
Shares of REVG opened at $27.21 on Wednesday. The stock has a market capitalization of $1.41 billion, a PE ratio of 6.73 and a beta of 1.59. The business’s fifty day moving average price is $28.26 and its 200 day moving average price is $25.56. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. REV Group, Inc. has a 12-month low of $14.04 and a 12-month high of $31.85.
REV Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, September 27th. REV Group’s dividend payout ratio (DPR) is 4.89%.
Analyst Ratings Changes
REVG has been the subject of several recent analyst reports. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $33.00 price target on shares of REV Group in a research report on Thursday, September 5th. The Goldman Sachs Group lifted their price target on shares of REV Group from $22.00 to $25.00 and gave the company a “sell” rating in a report on Thursday, September 5th. Finally, Morgan Stanley assumed coverage on REV Group in a report on Tuesday, June 11th. They set an “equal weight” rating and a $29.50 price objective for the company.
Check Out Our Latest Analysis on REV Group
About REV Group
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.
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