RD Lewis Holdings Inc. Purchases New Position in REV Group, Inc. (NYSE:REVG)

RD Lewis Holdings Inc. purchased a new stake in REV Group, Inc. (NYSE:REVG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,700 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased its stake in REV Group by 68.3% during the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after buying an additional 2,504,568 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of REV Group by 15.4% during the 3rd 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 last quarter. State Street Corp boosted its holdings in shares of REV Group by 3.3% during the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company’s stock worth $30,615,000 after purchasing an additional 35,066 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of REV Group by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company’s stock worth $20,120,000 after purchasing an additional 18,936 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of REV Group by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company’s stock worth $14,689,000 after purchasing an additional 29,400 shares during the last quarter.

Insider Buying and Selling at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

REV Group Stock Down 3.1 %

Shares of NYSE REVG opened at $29.86 on Tuesday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 6.65 and a beta of 1.56. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 52-week low of $18.13 and a 52-week high of $36.00. The business’s 50 day moving average is $32.52 and its two-hundred day moving average is $30.49.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, March 28th. REV Group’s payout ratio is 13.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird boosted their target price on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group boosted their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday, December 12th. Finally, DA Davidson boosted their target price on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, December 13th. One equities 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, REV Group presently has a consensus rating of “Hold” and an average 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.