Dimensional Fund Advisors LP Decreases Stake in REV Group, Inc. (NYSE:REVG)

Dimensional Fund Advisors LP lessened its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,232,710 shares of the company's stock after selling 670,119 shares during the quarter. Dimensional Fund Advisors LP owned about 4.29% of REV Group worth $71,155,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in REVG. Barclays PLC increased its position in shares of REV Group by 355.5% during the 3rd quarter. Barclays PLC now owns 89,619 shares of the company's stock valued at $2,515,000 after purchasing an additional 69,946 shares during the last quarter. Franklin Resources Inc. raised its position in REV Group by 0.8% in the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock worth $2,776,000 after acquiring an additional 766 shares during the period. Principal Financial Group Inc. boosted its stake in shares of REV Group by 151.4% during the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock worth $1,410,000 after acquiring an additional 30,262 shares during the last quarter. Hennessy Advisors Inc. grew its position in shares of REV Group by 6.8% during the 4th 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. Finally, Ellsworth Advisors LLC purchased a new stake in shares of REV Group in the 4th quarter worth $681,000.

REV Group Price Performance

NYSE REVG traded down $0.07 during trading hours on Tuesday, reaching $35.58. The company's stock had a trading volume of 50,705 shares, compared to its average volume of 696,594. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $36.06. 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 company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.94 and a beta of 1.12. The firm's 50-day moving average price is $31.16 and its 200-day moving average price is $31.44.

REV Group Announces Dividend

The business also recently announced 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 dividend yield of 0.67%. REV Group's dividend payout ratio is 13.48%.

Wall Street Analysts Forecast Growth

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

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.