REV Group, Inc. (NYSE:REVG) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 16.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,419 shares of the company's stock after selling 55,164 shares during the quarter. Ameriprise Financial Inc. owned 0.56% of REV Group worth $9,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in REVG. Barclays PLC lifted its holdings in REV Group by 355.5% in 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 in the last quarter. Janney Montgomery Scott LLC grew its position in shares of REV Group by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock worth $978,000 after buying an additional 859 shares in the last quarter. Planning Center Inc. acquired a new position in REV Group in the fourth quarter valued at approximately $223,000. Legato Capital Management LLC boosted its holdings in shares of REV Group by 113.0% in the fourth quarter. Legato Capital Management LLC now owns 111,318 shares of the company's stock valued at $3,548,000 after acquiring an additional 59,066 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $2,077,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on REVG shares. Wall Street Zen upgraded REV Group from a "hold" rating to a "buy" rating in a research note on Thursday. Morgan Stanley lowered REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $34.63.

REV Group Trading Down 0.4%

NYSE:REVG traded down $0.13 during mid-day trading on Monday, reaching $37.00. The company's stock had a trading volume of 544,205 shares, compared to its average volume of 695,448. The company's fifty day simple moving average is $33.30 and its two-hundred day simple moving average is $32.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $38.78. The stock has a market cap of $1.91 billion, a P/E ratio of 8.24 and a beta of 1.12.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's dividend payout ratio is currently 13.48%.

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.