Baird Financial Group Inc. Acquires New Holdings in REV Group, Inc. (NYSE:REVG)

Baird Financial Group Inc. bought a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 7,944 shares of the company's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its stake in REV Group by 355.5% in the third quarter. Barclays PLC now owns 89,619 shares of the company's stock valued at $2,515,000 after acquiring an additional 69,946 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of REV Group by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock valued at $2,776,000 after purchasing an additional 766 shares during the last quarter. Hennessy Advisors Inc. increased its stake in shares of REV Group by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after purchasing an additional 29,400 shares during the last quarter. Ellsworth Advisors LLC acquired a new position in shares of REV Group during the 4th quarter worth $681,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of REV Group by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock worth $978,000 after buying an additional 859 shares during the last quarter.

REV Group Price Performance

Shares of NYSE REVG traded up $0.10 during midday trading on Tuesday, reaching $38.43. 533,286 shares of the company were exchanged, compared to its average volume of 697,248. The stock's 50-day moving average price is $32.63 and its 200-day moving average price is $32.14. The stock has a market cap of $1.99 billion, a P/E ratio of 8.56 and a beta of 1.12. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a one year low of $21.54 and a one year high of $38.78.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.06 per share. The ex-dividend date was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.62%. REV Group's dividend payout ratio is currently 13.48%.

Analysts Set New Price Targets

Separately, Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, REV Group presently has a consensus rating of "Hold" and a consensus price target of $34.63.

REV Group 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.