Foundry Partners LLC Buys 8,836 Shares of REV Group, Inc. (NYSE:REVG)

Foundry Partners LLC lifted its stake in REV Group, Inc. (NYSE:REVG) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 145,573 shares of the company’s stock after purchasing an additional 8,836 shares during the quarter. Foundry Partners LLC owned about 0.28% of REV Group worth $4,639,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of REVG. Geode Capital Management LLC increased its position 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 acquiring an additional 173,759 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of REV Group by 249.5% during the 4th quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company’s stock worth $6,102,000 after purchasing an additional 136,700 shares during the period. Stifel Financial Corp grew its holdings in REV Group by 40.4% during the 3rd quarter. Stifel Financial Corp now owns 308,423 shares of the company’s stock valued at $8,654,000 after purchasing an additional 88,798 shares during the last quarter. Barclays PLC raised its position in REV Group by 355.5% in the 3rd quarter. Barclays PLC now owns 89,619 shares of the company’s stock worth $2,515,000 after purchasing an additional 69,946 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in REV Group in the fourth quarter worth about $2,077,000.

REV Group Stock Down 1.7 %

Shares of NYSE REVG opened at $29.21 on Friday. The stock has a 50 day moving average price of $31.92 and a 200 day moving average price of $30.85. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 6.51 and a beta of 1.21. REV Group, Inc. has a 52-week low of $20.51 and a 52-week 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.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.82%. REV Group’s dividend payout ratio is currently 13.48%.

Analyst Ratings Changes

REVG has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price target on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday, December 12th. DA Davidson increased their target price on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Robert W. Baird lifted their target price on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, REV Group presently has an average rating of “Hold” and a consensus price target of $33.75.

Insider Activity at REV Group

In related news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by corporate 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.