Northern Trust Corp Has $15.55 Million Position in REV Group, Inc. (NYSE:REVG)

Northern Trust Corp raised its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 488,004 shares of the company's stock after buying an additional 33,308 shares during the period. Northern Trust Corp owned about 0.94% of REV Group worth $15,553,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of 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 purchasing an additional 1,646,293 shares in the last quarter. Invesco Ltd. raised its holdings in shares of REV Group by 43.4% during the 4th quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock valued at $55,185,000 after purchasing an additional 524,369 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of REV Group by 249.5% during 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. Geode Capital Management LLC raised its holdings in shares of REV Group by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock valued at $44,121,000 after purchasing an additional 79,243 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of REV Group by 375.1% during the 4th quarter. Wells Fargo & Company MN now owns 97,732 shares of the company's stock valued at $3,115,000 after purchasing an additional 77,163 shares in the last quarter.

REV Group Stock Performance

REVG traded up $0.42 during trading on Friday, hitting $38.24. The stock had a trading volume of 582,948 shares, compared to its average volume of 698,208. The firm has a market cap of $1.98 billion, a PE ratio of 8.52 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 current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $32.49 and a 200-day simple moving average of $32.02.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.63%. REV Group's payout ratio is 13.48%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.