REV Group, Inc. (NYSE:REVG) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 375.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,732 shares of the company's stock after purchasing an additional 77,163 shares during the period. Wells Fargo & Company MN owned about 0.19% of REV Group worth $3,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC purchased a new stake in REV Group during the 4th quarter worth about $40,000. Pictet Asset Management Holding SA purchased a new stake in REV Group during the 4th quarter worth about $202,000. Planning Center Inc. purchased a new stake in REV Group during the 4th quarter worth about $223,000. RD Lewis Holdings Inc. purchased a new stake in REV Group during the 4th quarter worth about $228,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in REV Group during the 4th quarter worth about $289,000.

REV Group Stock Performance

REVG stock traded up $0.21 during trading on Tuesday, hitting $32.29. The company had a trading volume of 344,797 shares, compared to its average volume of 702,050. The firm has a 50-day moving average price of $30.86 and a 200-day moving average price of $31.28. 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 firm has a market cap of $1.67 billion, a PE ratio of 7.19 and a beta of 1.22. REV Group, Inc. has a 1-year low of $21.42 and a 1-year high of $36.00.

REV Group Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's payout ratio is currently 13.48%.

Analysts Set New Price Targets

Separately, Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.