Ieq Capital LLC Makes New $614,000 Investment in REV Group, Inc. (NYSE:REVG)

Ieq Capital LLC purchased a new stake in REV Group, Inc. (NYSE:REVG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,273 shares of the company’s stock, valued at approximately $614,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC lifted its position in REV Group by 68.3% in the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock valued at $173,227,000 after acquiring an additional 2,504,568 shares in the last quarter. Anthracite Investment Company Inc. acquired a new stake in shares of REV Group in the 3rd quarter valued at about $6,334,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of REV Group in the third quarter valued at about $5,973,000. Geode Capital Management LLC boosted its position in shares of REV Group by 15.4% during the third quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock worth $36,621,000 after buying an additional 173,759 shares during the period. Finally, Foundry Partners LLC bought a new position in shares of REV Group during the third quarter worth about $3,837,000.

REV Group Stock Performance

Shares of NYSE REVG opened at $30.07 on Wednesday. The stock has a market capitalization of $1.57 billion, a PE ratio of 6.70 and a beta of 1.60. REV Group, Inc. has a 52 week low of $17.76 and a 52 week high of $36.00. The stock has a 50 day moving average price of $33.01 and a 200 day moving average price of $30.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

REV Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.80%. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Wall Street Analyst Weigh In

Several research firms have commented on REVG. The Goldman Sachs Group boosted their target price on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday, December 12th. Robert W. Baird lifted their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, DA Davidson increased their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, December 13th. One research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.75.

Insider Buying and Selling

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the sale, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.

REV Group 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.