Ieq Capital LLC Purchases New Shares in REV Group, Inc. (NYSE:REVG)

Ieq Capital LLC acquired a new position in shares of REV Group, Inc. (NYSE:REVG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,273 shares of the company’s stock, valued at approximately $614,000.

Several other large investors have also recently added to or reduced their stakes in REVG. FMR LLC grew its stake 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 valued at $173,227,000 after acquiring an additional 2,504,568 shares in the last quarter. Anthracite Investment Company Inc. acquired a new stake in REV Group in the 3rd quarter worth about $6,334,000. Wealth Enhancement Advisory Services LLC bought a new stake in REV Group in the 3rd quarter valued at about $5,973,000. Geode Capital Management LLC grew its position in shares of REV Group by 15.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock worth $36,621,000 after purchasing an additional 173,759 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of REV Group during the 3rd quarter worth approximately $3,837,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. 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. Robert W. Baird lifted their price objective on REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, DA Davidson upped their target price on REV Group from $33.00 to $39.00 and gave the company 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 company. According to MarketBeat.com, REV Group presently has an average rating of “Hold” and an average target price of $33.75.

Insider Activity

In other news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the transaction, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

REV Group Stock Performance

NYSE REVG opened at $30.07 on Wednesday. The firm’s 50 day simple moving average is $33.01 and its 200 day simple moving average is $30.44. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 6.70 and a beta of 1.60. 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, Inc. has a 1 year low of $17.76 and a 1 year high of $36.00.

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 0.80%. 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%.

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.