Bank of America Corp DE Sells 51,787 Shares of REV Group, Inc. (NYSE:REVG)

Bank of America Corp DE reduced its position in REV Group, Inc. (NYSE:REVG - Free Report) by 63.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,175 shares of the company's stock after selling 51,787 shares during the quarter. Bank of America Corp DE owned approximately 0.06% of REV Group worth $962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in REVG. Bank of Montreal Can boosted its holdings in REV Group by 9.1% in the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock worth $261,000 after buying an additional 682 shares during the period. Dark Forest Capital Management LP increased its stake in REV Group by 9.9% in the 4th quarter. Dark Forest Capital Management LP now owns 10,427 shares of the company's stock worth $332,000 after acquiring an additional 935 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of REV Group by 1.4% in the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock valued at $2,267,000 after acquiring an additional 1,000 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of REV Group during the 4th quarter valued at about $40,000. Finally, MetLife Investment Management LLC boosted its position in shares of REV Group by 5.8% during the 4th quarter. MetLife Investment Management LLC now owns 31,431 shares of the company's stock valued at $1,002,000 after acquiring an additional 1,722 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on REVG shares. DA Davidson increased their price objective on REV Group from $39.00 to $51.00 and gave the company a "buy" rating in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Morgan Stanley lowered REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research report on Wednesday, April 16th. Finally, Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday. Two analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, REV Group presently has a consensus rating of "Hold" and a consensus target price of $38.00.

REV Group Trading Up 4.5%

NYSE REVG opened at $44.87 on Friday. The stock's 50 day moving average is $34.53 and its 200 day moving average is $33.01. 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 firm has a market capitalization of $2.19 billion, a PE ratio of 9.99 and a beta of 1.12. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $45.54.

REV Group (NYSE:REVG - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. REV Group had a return on equity of 17.74% and a net margin of 10.82%. The business had revenue of $629.10 million for the quarter, compared to the consensus estimate of $603.51 million. During the same period in the previous year, the company posted $0.39 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a $0.06 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.24 annualized dividend and a yield of 0.53%. REV Group's dividend payout ratio (DPR) is presently 12.77%.

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.

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