REV Group, Inc. (NYSE:REVG) CAO Sells $146,007.93 in Stock

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

REV Group Price Performance

Shares of REVG opened at $34.49 on Friday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 7.68 and a beta of 1.61. The firm’s fifty day simple moving average is $31.73 and its 200-day simple moving average is $29.04. REV Group, Inc. has a twelve month low of $16.00 and a twelve month high of $35.96. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

REV Group Increases Dividend

The firm also recently declared 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 0.70%. This is an increase from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, December 26th. REV Group’s payout ratio is 5.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson increased their target price 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. The Goldman Sachs Group increased their price objective on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird boosted their target price on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in REVG. Amalgamated Bank boosted its holdings in REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after purchasing an additional 716 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after buying an additional 461 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in REV Group by 257.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock worth $187,000 after acquiring an additional 5,420 shares in the last quarter. Atria Investments Inc purchased a new stake in REV Group in the third quarter valued at $201,000. Finally, Leuthold Group LLC acquired a new position in REV Group in the second quarter valued at $213,000.

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.