REV Group, Inc. (NYSE:REVG) Position Reduced by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its position in REV Group, Inc. (NYSE:REVG - Free Report) by 55.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,698 shares of the company's stock after selling 32,060 shares during the period. Price T Rowe Associates Inc. MD's holdings in REV Group were worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of REV Group by 355.5% during the third quarter. Barclays PLC now owns 89,619 shares of the company's stock worth $2,515,000 after buying an additional 69,946 shares during the period. Franklin Resources Inc. lifted 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 purchasing an additional 766 shares during the period. Hennessy Advisors Inc. boosted its holdings in REV Group by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after purchasing an additional 29,400 shares during the last quarter. Ellsworth Advisors LLC purchased a new stake in REV Group in the fourth quarter valued at $681,000. Finally, Janney Montgomery Scott LLC boosted 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 purchasing an additional 859 shares during the last quarter.

REV Group Stock Performance

Shares of REVG stock traded up $1.10 during mid-day trading on Tuesday, hitting $38.46. The stock had a trading volume of 763,004 shares, compared to its average volume of 693,923. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week high of $38.68. The firm has a market cap of $1.99 billion, a PE ratio of 8.57 and a beta of 1.12. 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 company's 50-day simple moving average is $32.06 and its 200-day simple moving average is $31.80.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

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

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.