REV Group, Inc. (NYSE:REVG) Shares Sold by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC trimmed its holdings in REV Group, Inc. (NYSE:REVG) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,129 shares of the company’s stock after selling 2,996 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in REV Group were worth $1,375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after buying an additional 461 shares during the period. Planning Center Inc. acquired a new stake in shares of REV Group during the 4th quarter worth approximately $223,000. Atria Investments Inc purchased a new stake in REV Group during the third quarter worth $201,000. D.A. Davidson & CO. acquired a new position in shares of REV Group in the third quarter worth about $229,000. Finally, Quest Partners LLC boosted its stake in shares of REV Group by 436.6% during the 3rd quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock worth $235,000 after acquiring an additional 6,828 shares in the last quarter.

REV Group Stock Down 3.4 %

NYSE REVG opened at $30.19 on Tuesday. The business has a fifty day moving average price of $33.06 and a 200 day moving average price of $30.43. 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 company has a market cap of $1.57 billion, a P/E ratio of 6.72 and a beta of 1.60. REV Group, Inc. has a one year low of $17.76 and a one year high of $36.00.

REV Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a $0.06 dividend. This is an increase from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Thursday, December 26th. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Insider Buying and Selling at REV Group

In related news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction that occurred 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 owns 20,442 shares in the company, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on REVG shares. 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 note on Friday, December 13th. Robert W. Baird upped their price objective 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. Finally, The Goldman Sachs Group lifted their target price 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. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.75.

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.