Bessemer Group Inc. Has $10.42 Million Holdings in REV Group, Inc. (NYSE:REVG)

Bessemer Group Inc. decreased its stake in shares of REV Group, Inc. (NYSE:REVG) by 43.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 326,932 shares of the company’s stock after selling 253,987 shares during the period. Bessemer Group Inc.’s holdings in REV Group were worth $10,418,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of REVG. FMR LLC boosted its stake in 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 acquiring an additional 1,646,293 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of REV Group by 0.8% during the fourth 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 during the period. Invesco Ltd. boosted its position in shares of REV Group by 43.4% during the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company’s stock worth $55,185,000 after purchasing an additional 524,369 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of REV Group by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company’s stock valued at $44,121,000 after buying an additional 79,243 shares during the period. Finally, State Street Corp increased its position in 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 buying an additional 35,066 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

REV Group Price Performance

Shares of NYSE REVG opened at $30.94 on Friday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 6.89 and a beta of 1.22. 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, Inc. has a fifty-two week low of $20.51 and a fifty-two week high of $36.00. The firm’s 50-day simple moving average is $31.46 and its 200 day simple moving average is $30.94.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.06 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.78%. REV Group’s dividend payout ratio is presently 13.48%.

Insider Activity at REV Group

In related news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the sale, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.

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.