Ellsworth Advisors LLC Invests $681,000 in REV Group, Inc. (NYSE:REVG)

Ellsworth Advisors LLC bought a new stake in shares of REV Group, Inc. (NYSE:REVG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,367 shares of the company’s stock, valued at approximately $681,000.

A number of other large investors have also recently added to or reduced their stakes in REVG. FMR LLC raised its stake in REV Group by 68.3% during the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock valued at $173,227,000 after purchasing an additional 2,504,568 shares during the period. Geode Capital Management LLC lifted its stake in REV Group by 15.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock worth $36,621,000 after acquiring an additional 173,759 shares in the last quarter. State Street Corp boosted its position in REV Group by 3.3% during the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company’s stock worth $30,615,000 after acquiring an additional 35,066 shares during the period. Charles Schwab Investment Management Inc. grew its stake in REV Group by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company’s stock valued at $20,120,000 after acquiring an additional 18,936 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in shares of REV Group by 6.8% in the 4th 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 period.

REV Group Stock Up 1.6 %

NYSE:REVG opened at $34.49 on Monday. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 7.68 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The stock’s fifty day moving average price is $31.73 and its two-hundred day moving average price is $29.10. REV Group, Inc. has a 52-week low of $16.00 and a 52-week high of $35.96.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a $0.06 dividend. This is a positive change from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Thursday, December 26th. REV Group’s dividend payout ratio (DPR) is currently 5.35%.

Insider Buying and Selling

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the sale, the chief accounting officer now directly owns 20,442 shares in the company, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Analysts Set New Price Targets

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

REV Group Company 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.