Mercer Global Advisors Inc. ADV Buys Shares of 7,085 REV Group, Inc. (NYSE:REVG)

Mercer Global Advisors Inc. ADV purchased a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,085 shares of the company's stock, valued at approximately $226,000.

Several other large investors have also made changes to their positions in the business. Bank of Montreal Can grew its stake in shares of REV Group by 9.1% during the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock worth $261,000 after purchasing an additional 682 shares during the period. Franklin Resources Inc. grew its position in REV Group by 0.8% during the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock valued at $2,776,000 after buying an additional 766 shares during the period. Janney Montgomery Scott LLC increased its holdings in REV Group by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock valued at $978,000 after buying an additional 859 shares in the last quarter. Dark Forest Capital Management LP raised its position in shares of REV Group by 9.9% in the fourth 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 period. Finally, Rhumbline Advisers boosted its position in REV Group by 1.4% during the fourth quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock worth $2,267,000 after purchasing an additional 1,000 shares in the last quarter.

REV Group Stock Down 2.2%

REV Group stock traded down $0.83 during mid-day trading on Wednesday, hitting $37.66. The company had a trading volume of 195,044 shares, compared to its average volume of 695,146. The business has a fifty day moving average of $32.80 and a 200 day moving average of $32.18. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $38.78. 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 stock has a market cap of $1.95 billion, a price-to-earnings ratio of 8.38 and a beta of 1.12.

REV Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, REV Group presently has an average rating of "Hold" and a consensus price target of $34.63.

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.