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 on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares in the company, valued at $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

REV Group Trading Up 3.4 %

Shares of NYSE:REVG opened at $33.40 on Thursday. 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’s 50-day moving average is $31.55 and its 200-day moving average is $28.94. The company has a market cap of $1.74 billion, a P/E ratio of 7.44 and a beta of 1.61. REV Group, Inc. has a 52-week low of $16.00 and a 52-week high of $35.96.

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. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.72%. This is a positive change from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio (DPR) is 5.35%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Amalgamated Bank grew its stake in shares of REV Group by 67.5% in the second quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after acquiring an additional 716 shares during the last quarter. Farther Finance Advisors LLC grew its position in REV Group by 27.2% in the 3rd 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 last quarter. Atria Investments Inc bought a new position in shares of REV Group during the 3rd quarter worth about $201,000. DekaBank Deutsche Girozentrale raised its position in shares of REV Group by 257.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after buying an additional 5,420 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new stake in shares of REV Group in the third quarter valued at about $229,000.

Analyst Upgrades and Downgrades

REVG has been the subject of several recent analyst reports. Robert W. Baird upped their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. DA Davidson upped their target price on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group increased their price target on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.