REV Group, Inc. (NYSE:REVG) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 27.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 238,124 shares of the company's stock after selling 91,628 shares during the period. Nuveen Asset Management LLC owned 0.46% of REV Group worth $7,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. FMR LLC grew its position in REV Group by 26.7% in the 4th 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 position in REV Group by 43.4% in the 4th 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 position in REV Group by 249.5% in the 4th 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 position in REV Group by 6.1% in the 4th 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 position in REV Group by 375.1% in the 4th 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 Price Performance

REVG stock traded down $0.86 on Monday, reaching $36.64. 399,856 shares of the company's stock were exchanged, compared to its average volume of 685,056. The stock has a fifty day moving average of $33.71 and a 200-day moving average of $32.64. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $38.78. The firm has a market cap of $1.89 billion, a PE ratio of 8.16 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.06 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.66%. REV Group's dividend payout ratio is presently 13.48%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen raised REV Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Morgan Stanley downgraded shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target for the company. in a research note on Wednesday, April 16th. Finally, 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, May 27th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $35.00.

About REV Group

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.