Insider Selling: REV Group, Inc. (NYSE:REVG) CAO Sells 4,533 Shares of Stock

REV Group, Inc. (NYSE:REVG) CAO Joseph Ladue sold 4,533 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

REV Group Stock Performance

Shares of NYSE REVG traded up $1.11 during midday trading on Wednesday, reaching $33.40. 442,815 shares of the company traded hands, compared to its average volume of 519,594. REV Group, Inc. has a 52 week low of $16.00 and a 52 week high of $35.96. The stock has a 50-day moving average price of $31.47 and a 200 day moving average price of $28.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.57. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 7.44 and a beta of 1.61.

REV Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were given a $0.06 dividend. The ex-dividend date was Thursday, December 26th. This is a boost from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.72%. REV Group’s payout ratio is 5.35%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on REVG shares. The Goldman Sachs Group boosted their price target on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday, December 12th. DA Davidson lifted their price objective on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Robert W. Baird lifted their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, REV Group presently has a consensus rating of “Hold” and a consensus target price of $33.75.

Institutional Investors Weigh In On REV Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its position in REV Group by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after acquiring an additional 461 shares in the last quarter. Amalgamated Bank raised its holdings in REV Group by 67.5% during the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after buying an additional 716 shares during the period. Franklin Resources Inc. raised 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 during the period. Victory Capital Management Inc. raised its holdings in REV Group by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 29,334 shares of the company’s stock worth $823,000 after buying an additional 822 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in REV Group by 10.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock worth $336,000 after buying an additional 1,171 shares during the period.

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.