RD Lewis Holdings Inc. Buys Shares of 6,700 REV Group, Inc. (NYSE:REVG)

RD Lewis Holdings Inc. bought a new stake in shares of REV Group, Inc. (NYSE:REVG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,700 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atria Investments Inc bought a new stake in REV Group during the 3rd quarter valued at $201,000. Planning Center Inc. bought a new stake in REV Group during the 4th quarter valued at $223,000. D.A. Davidson & CO. bought a new stake in REV Group during the 3rd quarter valued at $229,000. Quest Partners LLC boosted its position in shares of REV Group by 436.6% in the 3rd quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock worth $235,000 after purchasing an additional 6,828 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of REV Group in the 3rd quarter worth $277,000.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of REV Group 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 transaction, the chief accounting officer now owns 20,442 shares in the company, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

REV Group Stock Performance

Shares of REVG opened at $29.86 on Tuesday. The stock has a 50-day moving average of $32.52 and a two-hundred day moving average of $30.49. REV Group, Inc. has a one year low of $18.13 and a one year high of $36.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The stock has a market cap of $1.54 billion, a P/E ratio of 6.65 and a beta of 1.56.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. REV Group’s payout ratio is currently 13.48%.

REV Group 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.