BNP Paribas Financial Markets Reduces Position in REV Group, Inc. (NYSE:REVG)

BNP Paribas Financial Markets trimmed its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 49.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,498 shares of the company's stock after selling 11,138 shares during the period. BNP Paribas Financial Markets' holdings in REV Group were worth $366,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of REVG. FMR LLC grew its stake in REV Group by 26.7% during 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 in the last quarter. Invesco Ltd. grew its stake in REV Group by 43.4% during 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 in the last quarter. JPMorgan Chase & Co. grew its stake in REV Group by 249.5% during the fourth quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company's stock valued at $6,102,000 after acquiring an additional 136,700 shares in the last quarter. Geode Capital Management LLC grew its stake in REV Group by 6.1% during 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 in the last quarter. Finally, Wells Fargo & Company MN grew its stake in REV Group by 375.1% during the fourth quarter. Wells Fargo & Company MN now owns 97,732 shares of the company's stock valued at $3,115,000 after acquiring an additional 77,163 shares in the last quarter.

REV Group Stock Up 0.7%

Shares of NYSE:REVG traded up $0.25 during trading hours on Friday, hitting $37.53. The company's stock had a trading volume of 704,752 shares, compared to its average volume of 686,173. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $38.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 8.36 and a beta of 1.12. The firm's fifty day moving average price is $33.71 and its 200 day moving average price is $32.62.

REV Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's payout ratio is currently 13.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on REVG shares. Wall Street Zen upgraded shares of REV Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group increased their price objective on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday. Finally, Morgan Stanley lowered shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $35.00.

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.