Planning Center Inc. Takes Position in REV Group, Inc. (NYSE:REVG)

Planning Center Inc. purchased a new position in shares of REV Group, Inc. (NYSE:REVG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $223,000.

Other large investors have also modified their holdings of the company. Amalgamated Bank grew its position in REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after purchasing an additional 716 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after buying an additional 461 shares in the last quarter. Atria Investments Inc acquired a new stake in REV Group in the 3rd quarter valued at approximately $201,000. D.A. Davidson & CO. bought a new stake in REV Group during the 3rd quarter valued at $229,000. Finally, Quest Partners LLC raised its stake in REV Group by 436.6% during the 3rd quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock valued at $235,000 after acquiring an additional 6,828 shares in the last quarter.

Insider Transactions at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

REVG has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday, December 12th. Robert W. Baird raised their target price on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, DA Davidson upped their price target on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. One 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 stock. Based on data from MarketBeat, REV Group currently has an average rating of “Hold” and an average price target of $33.75.

REV Group Trading Up 0.1 %

Shares of REVG stock opened at $33.80 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $32.39 and a 200 day simple moving average of $29.58. REV Group, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $36.00. The stock has a market capitalization of $1.76 billion, a P/E ratio of 7.53 and a beta of 1.61.

REV Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a dividend of $0.06 per share. This is a positive change from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.71%. REV Group’s dividend payout ratio (DPR) is 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.