Navellier & Associates Inc. Purchases 13,593 Shares of REV Group, Inc. (NYSE:REVG)

Navellier & Associates Inc. lifted its position in shares of REV Group, Inc. (NYSE:REVG) by 70.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,926 shares of the company’s stock after buying an additional 13,593 shares during the quarter. Navellier & Associates Inc.’s holdings in REV Group were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in REVG. Farther Finance Advisors LLC increased its stake in shares of REV Group by 27.2% during the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after purchasing an additional 461 shares during the period. Atria Investments Inc bought a new position in shares of REV Group during the third quarter worth approximately $201,000. Planning Center Inc. acquired a new stake in REV Group during the fourth quarter worth approximately $223,000. D.A. Davidson & CO. acquired a new stake in REV Group during the third quarter worth approximately $229,000. Finally, Quest Partners LLC grew its position in REV Group by 436.6% during the third quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock worth $235,000 after buying an additional 6,828 shares in the last quarter.

REV Group Trading Down 6.4 %

Shares of REVG stock opened at $31.06 on Friday. The stock’s fifty day moving average price is $33.14 and its two-hundred day moving average price is $30.39. The company has a market cap of $1.62 billion, a PE ratio of 6.92 and a beta of 1.60. REV Group, Inc. has a fifty-two week low of $17.76 and a fifty-two week 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.

REV Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, December 26th. This is an increase from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Insider Buying and Selling at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the firm’s 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 sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price target on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Robert W. Baird increased their price target 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, DA Davidson increased their price target 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.75.

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.