Legato Capital Management LLC Purchases 59,066 Shares of REV Group, Inc. (NYSE:REVG)

Legato Capital Management LLC increased its position in REV Group, Inc. (NYSE:REVG) by 113.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,318 shares of the company’s stock after purchasing an additional 59,066 shares during the quarter. Legato Capital Management LLC’s holdings in REV Group were worth $3,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in REV Group by 68.3% in the third quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after purchasing an additional 2,504,568 shares during the period. Anthracite Investment Company Inc. purchased a new stake in shares of REV Group in the 3rd quarter worth approximately $6,334,000. Wealth Enhancement Advisory Services LLC bought a new position in REV Group during the 3rd quarter valued at approximately $5,973,000. Geode Capital Management LLC raised its stake in REV Group by 15.4% during the third quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock valued at $36,621,000 after buying an additional 173,759 shares during the last quarter. Finally, Foundry Partners LLC purchased a new position in REV Group during the third quarter valued at $3,837,000.

Analyst Ratings Changes

REVG has been the subject of several analyst reports. The Goldman Sachs Group raised their price target on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday, December 12th. Robert W. Baird raised their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, DA Davidson upped their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. One 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, REV Group has a consensus rating of “Hold” and a consensus target price of $33.75.

REV Group Price Performance

NYSE REVG opened at $32.76 on Wednesday. REV Group, Inc. has a one year low of $16.00 and a one year high of $36.00. The stock has a 50-day moving average of $33.01 and a 200 day moving average of $30.13. 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 company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.30 and a beta of 1.60.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.73%. REV Group’s payout ratio is currently 5.35%.

Insider Activity

In related news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction 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 completion of the sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is 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.