Y Intercept Hong Kong Ltd Cuts Position in REV Group, Inc. (NYSE:REVG)

Y Intercept Hong Kong Ltd lowered its position in shares of REV Group, Inc. (NYSE:REVG) by 68.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,286 shares of the company’s stock after selling 24,083 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in REV Group were worth $317,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

REVG has been the subject of several analyst reports. 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. StockNews.com downgraded shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group lifted their price objective on shares of 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 upped their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.75.

REV Group Stock Down 4.7 %

Shares of REV Group stock opened at $32.58 on Wednesday. The business has a 50-day moving average price of $29.58 and a 200 day moving average price of $28.04. REV Group, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $35.96. The firm has a market cap of $1.70 billion, a P/E ratio of 7.26 and a beta of 1.61. The company has a quick ratio of 0.57, a current ratio of 1.72 and a debt-to-equity ratio of 0.20.

REV Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be given a dividend of $0.06 per share. This is a positive change from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, December 26th. REV Group’s dividend payout ratio 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.