BNP Paribas Financial Markets Has $366,000 Stake in REV Group, Inc. (NYSE:REVG)

BNP Paribas Financial Markets decreased its position in REV Group, Inc. (NYSE:REVG - Free Report) by 49.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,498 shares of the company's stock after selling 11,138 shares during the quarter. BNP Paribas Financial Markets' holdings in REV Group were worth $366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of REVG. FMR LLC increased its position in shares of REV Group by 26.7% in the fourth quarter. FMR LLC now owns 7,819,739 shares of the company's stock valued at $249,215,000 after acquiring an additional 1,646,293 shares during the last quarter. Vanguard Group Inc. increased its position in shares of REV Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company's stock valued at $166,965,000 after acquiring an additional 39,323 shares during the last quarter. Invesco Ltd. increased its position in shares of REV Group by 43.4% in the fourth quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock valued at $55,185,000 after acquiring an additional 524,369 shares during the last quarter. Geode Capital Management LLC increased its position in shares of REV Group by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock valued at $44,121,000 after acquiring an additional 79,243 shares during the last quarter. Finally, Brightline Capital Management LLC increased its position in shares of REV Group by 1.2% in the fourth quarter. Brightline Capital Management LLC now owns 656,000 shares of the company's stock valued at $20,907,000 after acquiring an additional 8,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on REVG. The Goldman Sachs Group lifted their target price on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday. Wall Street Zen raised REV Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, 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 and three have issued a buy rating to the company. According to MarketBeat, REV Group presently has an average rating of "Hold" and an average price target of $35.00.

REV Group Price Performance

Shares of NYSE:REVG traded down $0.35 during trading on Thursday, hitting $37.27. 502,207 shares of the company were exchanged, compared to its average volume of 690,432. The business's 50 day moving average is $33.53 and its 200-day moving average is $32.51. The company has a market capitalization of $1.93 billion, a P/E ratio of 8.30 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 1-year low of $21.54 and a 1-year high of $39.17.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.64%. REV Group's dividend payout ratio (DPR) is presently 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.