Seizert Capital Partners LLC Has $468,000 Stake in REV Group, Inc. (NYSE:REVG)

Seizert Capital Partners LLC decreased its holdings in REV Group, Inc. (NYSE:REVG) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,680 shares of the company’s stock after selling 440 shares during the quarter. Seizert Capital Partners LLC’s holdings in REV Group were worth $468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of REVG. FMR LLC increased its holdings 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 buying an additional 2,504,568 shares during the period. Anthracite Investment Company Inc. bought a new position in REV Group in the 3rd quarter valued at about $6,334,000. Geode Capital Management LLC increased its holdings in REV Group by 15.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock valued at $36,621,000 after buying an additional 173,759 shares during the period. Foundry Partners LLC bought a new position in REV Group in the 3rd quarter valued at about $3,837,000. Finally, Moran Wealth Management LLC bought a new position in REV Group in the 3rd quarter valued at about $2,805,000.

REV Group Trading Up 2.4 %

Shares of REV Group stock opened at $27.97 on Thursday. The firm has a market capitalization of $1.46 billion, a PE ratio of 6.23 and a beta of 1.60. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $32.78 and its 200 day moving average is $30.47. REV Group, Inc. has a 1 year low of $17.76 and a 1 year high of $36.00.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.86%. REV Group’s dividend payout ratio (DPR) is presently 5.35%.

Insider Buying and Selling

In related news, 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 directly owns 20,442 shares in the company, valued at $658,436.82. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. DA Davidson raised their target price on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday, December 12th. Finally, Robert W. Baird lifted their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, REV Group currently 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.