REV Group (NYSE:REVG – Free Report) had its price objective boosted by The Goldman Sachs Group from $25.00 to $28.50 in a report issued on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.
Other equities analysts also recently issued reports about the company. Robert W. Baird lifted their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday. DA Davidson reiterated a “buy” rating and issued a $33.00 target price on shares of REV Group in a research report on Thursday, September 5th. Finally, StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $33.75.
Check Out Our Latest Analysis on REV Group
REV Group Trading Up 3.6 %
REV Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 26th. This is a positive change from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. REV Group’s dividend payout ratio is 4.45%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REVG. Franklin Resources Inc. lifted its stake in REV Group by 0.8% in the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock valued at $2,776,000 after buying an additional 766 shares during the last quarter. Geode Capital Management LLC lifted its position 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 purchasing an additional 173,759 shares during the last quarter. Barclays PLC lifted its position in REV Group by 355.5% in the 3rd quarter. Barclays PLC now owns 89,619 shares of the company’s stock valued at $2,515,000 after purchasing an additional 69,946 shares during the last quarter. XTX Topco Ltd acquired a new position in REV Group during the 3rd quarter valued at about $277,000. Finally, State Street Corp grew its position in REV Group by 3.3% in 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.
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.
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