Barclays PLC Increases Stake in REV Group, Inc. (NYSE:REVG)

Barclays PLC increased its holdings in REV Group, Inc. (NYSE:REVG) by 355.5% during the third quarter, Holdings Channel.com reports. The firm owned 89,619 shares of the company’s stock after acquiring an additional 69,946 shares during the quarter. Barclays PLC’s holdings in REV Group were worth $2,515,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of REV Group by 68.3% in the third quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after buying an additional 2,504,568 shares during the period. Anthracite Investment Company Inc. purchased a new position in REV Group in the 3rd quarter worth approximately $6,334,000. Principal Financial Group Inc. increased its stake in REV Group by 151.4% in the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock worth $1,410,000 after purchasing an additional 30,262 shares during the period. American Century Companies Inc. lifted its position in REV Group by 25.9% in the second quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock valued at $2,381,000 after purchasing an additional 19,674 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of REV Group by 10.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock valued at $336,000 after purchasing an additional 1,171 shares during the period.

REV Group Price Performance

Shares of NYSE REVG opened at $31.51 on Thursday. REV Group, Inc. has a 1 year low of $16.00 and a 1 year high of $35.96. The stock has a market capitalization of $1.64 billion, a P/E ratio of 7.02 and a beta of 1.61. The company’s 50-day moving average is $30.09 and its 200 day moving average is $28.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.57.

REV Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be given a $0.06 dividend. The ex-dividend date is Thursday, December 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. This is a positive change from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio is currently 5.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on REVG shares. DA Davidson upped their price target on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. Robert W. Baird upped their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group upped their price target on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, REV Group currently has an average rating of “Hold” and a consensus target price of $33.75.

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.