REV Group, Inc. (NYSE:REVG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in REV Group, Inc. (NYSE:REVG) by 6.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,324,437 shares of the company’s stock after selling 95,438 shares during the quarter. Wellington Management Group LLP’s holdings in REV Group were worth $37,164,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FMR LLC raised its stake 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 valued at $173,227,000 after purchasing an additional 2,504,568 shares in the last quarter. Anthracite Investment Company Inc. bought a new stake in REV Group during the third quarter worth approximately $6,334,000. Principal Financial Group Inc. lifted its position in REV Group by 151.4% in the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock worth $1,410,000 after purchasing an additional 30,262 shares during the period. American Century Companies Inc. increased its position in shares of REV Group by 25.9% during the 2nd quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock valued at $2,381,000 after purchasing an additional 19,674 shares during the period. Finally, Natixis Advisors LLC bought a new stake in shares of REV Group in the 2nd quarter worth $753,000.

REV Group Stock Up 0.9 %

NYSE:REVG opened at $33.99 on Friday. The business’s fifty day moving average price is $29.29 and its 200 day moving average price is $27.89. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 7.57 and a beta of 1.61. The company has a current ratio of 1.85, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. REV Group, Inc. has a 1-year low of $16.00 and a 1-year high of $35.96.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be issued a dividend of $0.06 per share. 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 0.71%. The ex-dividend date of this dividend is Thursday, December 26th. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday. Robert W. Baird raised their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 target price on shares of REV Group in a report on Thursday, September 5th. One investment 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.com, REV Group has a consensus rating of “Hold” and an average price target of $32.25.

REV Group Company 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.