Ellsworth Advisors LLC Buys New Shares in REV Group, Inc. (NYSE:REVG)

Ellsworth Advisors LLC purchased a new position in shares of REV Group, Inc. (NYSE:REVG) during the 4th quarter, Holdings Channel.com reports. The fund purchased 21,367 shares of the company’s stock, valued at approximately $681,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in 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 acquiring an additional 2,504,568 shares during the period. AYAL Capital Advisors Ltd bought a new position in shares of REV Group in the second quarter valued at about $6,558,000. Anthracite Investment Company Inc. acquired a new stake in shares of REV Group during the 3rd quarter worth about $6,334,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of REV Group during the 3rd quarter worth about $5,973,000. Finally, Geode Capital Management LLC grew its stake 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 buying an additional 173,759 shares during the last quarter.

Insider Activity

In other news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction dated 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 approximately $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

REVG has been the subject of a number of research analyst reports. Robert W. Baird boosted their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group boosted their target price on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research report on Thursday, December 12th. Finally, DA Davidson raised their target price on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, REV Group presently has a consensus rating of “Hold” and a consensus target price of $33.75.

REV Group Stock Performance

Shares of NYSE:REVG opened at $34.49 on Monday. REV Group, Inc. has a 1 year low of $16.00 and a 1 year high of $35.96. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 7.68 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The company’s 50 day simple moving average is $31.73 and its 200 day simple moving average is $29.10.

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. This is an increase 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 0.70%. The ex-dividend date was Thursday, December 26th. REV Group’s dividend payout ratio (DPR) is presently 5.35%.

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.