REV Group, Inc. (NYSE:REVG) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of REV Group, Inc. (NYSE:REVG) by 40.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 308,423 shares of the company’s stock after buying an additional 88,798 shares during the quarter. Stifel Financial Corp’s holdings in REV Group were worth $8,654,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in REVG. Hotchkis & Wiley Capital Management LLC raised its stake in shares of REV Group by 31.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 315,530 shares of the company’s stock valued at $8,854,000 after purchasing an additional 76,100 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of REV Group by 39.5% in the third quarter. HighTower Advisors LLC now owns 69,657 shares of the company’s stock worth $1,957,000 after buying an additional 19,722 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of REV Group by 10.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock valued at $336,000 after acquiring an additional 1,171 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of REV Group during the 3rd quarter worth about $229,000. Finally, FMR LLC lifted its stake in shares of REV Group by 68.3% in the 3rd 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 during the last quarter.

REV Group Trading Up 0.9 %

Shares of REVG stock opened at $33.99 on Friday. 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. The stock has a market cap of $1.77 billion, a P/E ratio of 7.57 and a beta of 1.61. The stock has a 50 day simple moving average of $29.29 and a 200 day simple moving average of $27.89.

REV Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be paid a $0.06 dividend. This is an increase from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, December 26th. This represents a $0.24 annualized dividend and a yield of 0.71%. REV Group’s dividend payout ratio is presently 5.35%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday. Robert W. Baird upped their target price on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. DA Davidson reiterated a “buy” rating and issued a $33.00 price objective on shares of REV Group in a research report on Thursday, September 5th. Finally, StockNews.com cut REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. One equities research 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’s stock. Based on data from MarketBeat.com, REV Group currently has a consensus rating of “Hold” and an average price target of $32.25.

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.