Kennedy Capital Management LLC Sells 9,945 Shares of REV Group, Inc. (NYSE:REVG)

Kennedy Capital Management LLC reduced its position in REV Group, Inc. (NYSE:REVG) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 879,547 shares of the company’s stock after selling 9,945 shares during the period. REV Group accounts for approximately 0.6% of Kennedy Capital Management LLC’s portfolio, making the stock its 14th largest holding. Kennedy Capital Management LLC owned approximately 1.69% of REV Group worth $28,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of REV Group by 43.4% during the fourth quarter. Invesco Ltd. now owns 1,731,557 shares of the company’s stock valued at $55,185,000 after buying an additional 524,369 shares during the period. Bank of Montreal Can increased its position in shares of REV Group by 9.1% during the fourth quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock valued at $261,000 after buying an additional 682 shares during the period. Cerity Partners LLC bought a new stake in shares of REV Group during the fourth quarter valued at about $205,000. FMR LLC increased its position in shares of REV Group by 26.7% during the fourth quarter. FMR LLC now owns 7,819,739 shares of the company’s stock valued at $249,215,000 after buying an additional 1,646,293 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of REV Group during the fourth quarter worth about $250,000.

REV Group Stock Performance

Shares of REV Group stock opened at $31.63 on Thursday. REV Group, Inc. has a one year low of $20.51 and a one year high of $36.00. 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 business’s 50 day moving average price is $31.50 and its 200 day moving average price is $30.92. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 7.04 and a beta of 1.22.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Friday, March 28th. REV Group’s payout ratio is currently 13.48%.

Insider Activity

In related news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on REVG shares. DA Davidson upped their price objective on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Robert W. Baird increased their price target on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group raised their target price on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday, December 12th. One research 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’s stock. Based on data from MarketBeat.com, REV Group has a consensus rating of “Hold” and an average price target of $33.75.

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.