Stifel Financial Corp Buys 66,154 Shares of REV Group, Inc. (NYSE:REVG)

Stifel Financial Corp boosted its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,577 shares of the company's stock after acquiring an additional 66,154 shares during the quarter. Stifel Financial Corp owned approximately 0.72% of REV Group worth $11,938,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of REVG. Barclays PLC boosted its stake in shares of REV Group by 355.5% in the 3rd quarter. Barclays PLC now owns 89,619 shares of the company's stock valued at $2,515,000 after purchasing an additional 69,946 shares in the last quarter. Franklin Resources Inc. lifted its holdings in REV Group by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock worth $2,776,000 after buying an additional 766 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in REV Group by 151.4% in the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock valued at $1,410,000 after acquiring an additional 30,262 shares during the last quarter. Hennessy Advisors Inc. grew its position in shares of REV Group by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock worth $14,689,000 after buying an additional 29,400 shares during the period. Finally, Ellsworth Advisors LLC bought a new stake in shares of REV Group during the 4th quarter valued at $681,000.

REV Group Price Performance

REV Group stock traded up $1.38 during trading hours on Friday, reaching $34.85. 213,846 shares of the stock were exchanged, compared to its average volume of 697,864. The stock has a 50 day moving average of $30.96 and a two-hundred day moving average of $31.33. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $36.00. 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 market cap of $1.80 billion, a P/E ratio of 7.76 and a beta of 1.22.

REV Group Announces Dividend

The business also recently declared 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 was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.69%. REV Group's dividend payout ratio (DPR) is presently 13.48%.

Analyst Upgrades and Downgrades

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