Navellier & Associates Inc. Has $1.05 Million Stake in REV Group, Inc. (NYSE:REVG)

Navellier & Associates Inc. raised its holdings in REV Group, Inc. (NYSE:REVG) by 70.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,926 shares of the company’s stock after acquiring an additional 13,593 shares during the period. Navellier & Associates Inc. owned about 0.06% of REV Group worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in REVG. FMR LLC boosted its position in shares of REV Group by 68.3% during the third 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 during the period. 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. State Street Corp boosted its position 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 worth $30,615,000 after buying an additional 35,066 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 worth $20,120,000 after buying an additional 18,936 shares during the period. Finally, Hennessy Advisors Inc. boosted its position 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 worth $14,689,000 after buying an additional 29,400 shares during the period.

REV Group Stock Performance

REVG opened at $31.06 on Friday. REV Group, Inc. has a 52-week low of $17.76 and a 52-week high of $36.00. The firm has a market capitalization of $1.62 billion, a PE ratio of 6.92 and a beta of 1.60. 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 business’s 50-day simple moving average is $33.14 and its 200 day simple moving average is $30.39.

REV Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, December 26th. This is a positive change from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio is presently 5.35%.

Wall Street Analyst Weigh In

REVG has been the subject of several recent research reports. Robert W. Baird upped their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. The Goldman Sachs Group upped 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 upped 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 research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, REV Group presently has an average rating of “Hold” and an average price target of $33.75.

Insider Buying and Selling

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.21, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is currently 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.