Insider Selling: REV Group, Inc. (NYSE:REVG) CAO Sells 4,533 Shares of Stock

REV Group, Inc. (NYSE:REVG) CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the sale, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

REV Group Stock Performance

REV Group stock traded up $1.11 during mid-day trading on Wednesday, reaching $33.40. The company’s stock had a trading volume of 442,815 shares, compared to its average volume of 519,594. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 7.44 and a beta of 1.61. The business has a 50 day moving average price of $31.47 and a 200-day moving average price of $28.91. The company has a current ratio of 1.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a twelve month low of $16.00 and a twelve month high of $35.96.

REV Group Increases Dividend

The firm also recently disclosed 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 yield of 0.72%. 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 payout ratio is currently 5.35%.

Hedge Funds Weigh In On REV Group

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in REV Group by 68.3% in the third quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after purchasing an additional 2,504,568 shares during the period. Geode Capital Management LLC boosted its holdings in REV Group by 15.4% in the third 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 during the period. State Street Corp boosted its holdings in shares of REV Group by 3.3% during the third quarter. State Street Corp now owns 1,089,130 shares of the company’s stock valued at $30,615,000 after acquiring an additional 35,066 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of REV Group by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company’s stock valued at $20,120,000 after acquiring an additional 18,936 shares during the period. Finally, Hennessy Advisors Inc. boosted its holdings in shares of REV Group by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company’s stock valued at $14,689,000 after acquiring an additional 29,400 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on REVG shares. DA Davidson raised their price target on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. The Goldman Sachs Group raised their price target on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird raised their price target on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average 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.