Wellington Management Group LLP Trims Position in REV Group, Inc. (NYSE:REVG)

Wellington Management Group LLP lowered its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 867,535 shares of the company's stock after selling 456,902 shares during the period. Wellington Management Group LLP owned about 1.68% of REV Group worth $27,648,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in REVG. FMR LLC raised its holdings in shares of REV Group by 26.7% during the 4th quarter. FMR LLC now owns 7,819,739 shares of the company's stock valued at $249,215,000 after buying an additional 1,646,293 shares in the last quarter. Invesco Ltd. grew its position 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 during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of REV Group during the fourth quarter worth approximately $9,749,000. SG Capital Management LLC bought a new stake in shares of REV Group in the 4th quarter worth approximately $8,203,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 136,700 shares in the last quarter.

REV Group Trading Down 2.6%

REVG traded down $0.98 during trading on Monday, hitting $36.51. 801,934 shares of the stock traded hands, compared to its average volume of 686,633. The firm has a market capitalization of $1.89 billion, a P/E ratio of 8.13 and a beta of 1.12. REV Group, Inc. has a 12-month low of $21.54 and a 12-month 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 firm has a 50-day moving average of $33.71 and a 200 day moving average of $32.64.

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 paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's dividend payout ratio (DPR) is 13.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on REVG shares. Morgan Stanley cut shares of 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. Wall Street Zen upgraded REV Group from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group increased their target price on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.