REV Group, Inc. (NYSE:REVG) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in REV Group, Inc. (NYSE:REVG) by 68.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,286 shares of the company’s stock after selling 24,083 shares during the period. Y Intercept Hong Kong Ltd’s holdings in REV Group were worth $317,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in REVG. FMR LLC lifted its holdings in shares of REV Group by 68.3% in the 3rd 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 last quarter. Anthracite Investment Company Inc. bought a new stake in REV Group in the third quarter valued at $6,334,000. Principal Financial Group Inc. boosted its holdings in shares of REV Group by 151.4% during the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after acquiring an additional 30,262 shares during the period. American Century Companies Inc. grew its position in shares of REV Group by 25.9% during the second quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock worth $2,381,000 after acquiring an additional 19,674 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of REV Group by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock worth $336,000 after acquiring an additional 1,171 shares during the period.

Wall Street Analyst Weigh In

REVG has been the subject of a number of analyst reports. DA Davidson boosted their target price on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, December 13th. The Goldman Sachs Group boosted their price objective on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research report on Thursday, December 12th. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, Robert W. Baird increased their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.75.

REV Group Trading Down 4.7 %

Shares of NYSE:REVG opened at $32.58 on Wednesday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.26 and a beta of 1.61. REV Group, Inc. has a 1-year low of $16.00 and a 1-year high of $35.96. The company has a 50 day moving average price of $29.58 and a 200 day moving average price of $28.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.57 and a current ratio of 1.72.

REV Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.06 per share. This is an increase from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. REV Group’s payout ratio is currently 5.35%.

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.