American International Group Inc. grew its stake in shares of Rev Group Inc (NYSE:REVG) by 80.8% during the 4th quarter, Holdings Channel reports. The firm owned 15,318 shares of the company’s stock after buying an additional 6,847 shares during the period. American International Group Inc.’s holdings in Rev Group were worth $498,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of REVG. TIAA CREF Investment Management LLC increased its position in shares of Rev Group by 58.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 33,525 shares of the company’s stock worth $928,000 after purchasing an additional 12,394 shares during the last quarter. Northern Trust Corp increased its position in shares of Rev Group by 181.9% during the 2nd quarter. Northern Trust Corp now owns 168,100 shares of the company’s stock worth $4,653,000 after purchasing an additional 108,467 shares during the last quarter. State Street Corp increased its position in shares of Rev Group by 39.4% during the 2nd quarter. State Street Corp now owns 217,323 shares of the company’s stock worth $6,015,000 after purchasing an additional 61,446 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Rev Group during the 2nd quarter worth approximately $276,000. Finally, First Trust Advisors LP acquired a new position in shares of Rev Group during the 3rd quarter worth approximately $5,432,000. 95.40% of the stock is currently owned by hedge funds and other institutional investors.
Rev Group Inc (REVG) opened at $23.26 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.67 and a current ratio of 2.19. Rev Group Inc has a one year low of $22.90 and a one year high of $33.15. The company has a market capitalization of $1,490.00 and a P/E ratio of 34.72.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Monday, April 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, April 27th. This represents a $0.20 annualized dividend and a dividend yield of 0.86%. Rev Group’s dividend payout ratio is currently 89.55%.
REVG has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target on Rev Group from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Morgan Stanley initiated coverage on Rev Group in a research note on Friday, March 2nd. They set an “equal weight” rating and a $32.00 target price for the company. Wells Fargo & Co downgraded Rev Group from an “outperform” rating to a “market perform” rating and set a $26.00 target price for the company. in a research note on Friday. SunTrust Banks reduced their target price on Rev Group to $31.00 and set a “buy” rating for the company in a research note on Friday. Finally, Robert W. Baird set a $30.00 target price on Rev Group and gave the stock a “buy” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $31.75.
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Rev Group Profile
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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