Russell Investments Group Ltd. Cuts Stake in REV Group, Inc. (NYSE:REVG)

Russell Investments Group Ltd. decreased its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 29.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,551 shares of the company's stock after selling 71,482 shares during the period. Russell Investments Group Ltd. owned approximately 0.28% of REV Group worth $3,044,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in REVG. Vanguard Group Inc. grew its stake in shares of REV Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 3,100,142 shares of the company's stock valued at $49,602,000 after buying an additional 27,236 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in REV Group by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,986 shares of the company's stock worth $10,064,000 after acquiring an additional 50,738 shares during the last quarter. Phocas Financial Corp. increased its stake in REV Group by 1.8% in the 4th quarter. Phocas Financial Corp. now owns 485,452 shares of the company's stock worth $8,821,000 after purchasing an additional 8,506 shares during the period. Federated Hermes Inc. lifted its position in REV Group by 13.2% in the fourth quarter. Federated Hermes Inc. now owns 433,160 shares of the company's stock valued at $7,871,000 after purchasing an additional 50,507 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of REV Group by 22.8% during the third quarter. Wellington Management Group LLP now owns 422,103 shares of the company's stock valued at $6,754,000 after purchasing an additional 78,453 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently commented on REVG. StockNews.com lowered shares of REV Group from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 25th. The Goldman Sachs Group upped their price objective on shares of REV Group from $18.00 to $20.00 and gave the company a "sell" rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat, REV Group presently has an average rating of "Moderate Buy" and a consensus price target of $17.60.

REV Group Trading Down 5.2 %

NYSE REVG traded down $1.38 during trading on Monday, hitting $25.22. The company had a trading volume of 792,805 shares, compared to its average volume of 866,802. The company's fifty day moving average is $21.43 and its 200-day moving average is $18.74. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 6.57 and a beta of 1.67. REV Group, Inc. has a one year low of $9.85 and a one year high of $26.94.

REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.15 by $0.10. REV Group had a net margin of 9.15% and a return on equity of 16.43%. The business had revenue of $586.00 million during the quarter, compared to analyst estimates of $579.42 million. During the same period last year, the business posted $0.04 earnings per share. REV Group's quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that REV Group, Inc. will post 1.35 EPS for the current year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. REV Group's dividend payout ratio (DPR) is 4.94%.

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.