Phocas Financial Corp. Sells 115,233 Shares of REV Group, Inc. (NYSE:REVG)

Phocas Financial Corp. decreased its holdings in shares of REV Group, Inc. (NYSE:REVG) by 85.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,400 shares of the company’s stock after selling 115,233 shares during the quarter. Phocas Financial Corp.’s holdings in REV Group were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its stake in shares of REV Group by 68.3% during 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 period. Geode Capital Management LLC grew its holdings in REV Group by 15.4% during 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 in the last quarter. State Street Corp increased its position in shares of REV Group by 3.3% during the third quarter. State Street Corp now owns 1,089,130 shares of the company’s stock valued at $30,615,000 after buying an additional 35,066 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of REV Group by 2.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company’s stock worth $20,120,000 after buying an additional 18,936 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its position in shares of REV Group by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company’s stock valued at $14,689,000 after acquiring an additional 29,400 shares during the period.

Analyst Ratings Changes

A number of analysts recently weighed in on REVG shares. 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 report on Thursday, December 12th. DA Davidson increased their price objective on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group boosted their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, REV Group currently has a consensus rating of “Hold” and a consensus target price of $33.75.

REV Group Price Performance

REVG stock opened at $30.07 on Wednesday. The firm has a 50 day simple moving average of $33.01 and a two-hundred day simple moving average of $30.44. The stock has a market cap of $1.57 billion, a PE ratio of 6.70 and a beta of 1.60. REV Group, Inc. has a one year low of $17.76 and a one year high of $36.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43.

REV Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 26th were given a $0.06 dividend. The ex-dividend date was 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 yield of 0.80%. REV Group’s payout ratio is 5.35%.

Insider Activity at REV Group

In other REV Group 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 completion of the sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

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.