DekaBank Deutsche Girozentrale acquired a new position in REV Group, Inc. (NYSE:REVG – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,105 shares of the company’s stock, valued at approximately $39,000.
Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of REV Group by 101.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock worth $25,000 after acquiring an additional 941 shares during the period. Quarry LP grew its holdings in shares of REV Group by 69.6% in the second quarter. Quarry LP now owns 2,692 shares of the company’s stock worth $36,000 after acquiring an additional 1,105 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of REV Group by 63.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock worth $39,000 after acquiring an additional 1,208 shares during the period. National Bank of Canada FI grew its holdings in shares of REV Group by 236.8% in the third quarter. National Bank of Canada FI now owns 3,368 shares of the company’s stock worth $55,000 after acquiring an additional 2,368 shares during the period. Finally, UBS Group AG grew its holdings in shares of REV Group by 1,593.3% in the third quarter. UBS Group AG now owns 5,080 shares of the company’s stock worth $56,000 after acquiring an additional 4,780 shares during the period.
REV Group Stock Performance
NYSE REVG opened at $21.24 on Thursday. The company has a market capitalization of $1.10 billion, a PE ratio of 5.24 and a beta of 1.70. The business’s fifty day moving average is $20.10 and its 200 day moving average is $17.86. REV Group, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $23.85.
REV Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.94%. REV Group’s dividend payout ratio is currently 4.94%.
Analysts Set New Price Targets
REVG has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday. StockNews.com upgraded REV Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, REV Group presently has an average rating of “Moderate Buy” and an average price target of $17.60.
Check Out Our Latest Report on REV Group
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.
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