Anchor Capital Advisors LLC Takes $1.77 Million Position in REV Group, Inc. (NYSE:REVG)

Anchor Capital Advisors LLC purchased a new position in shares of REV Group, Inc. (NYSE:REVG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 55,465 shares of the company’s stock, valued at approximately $1,768,000. Anchor Capital Advisors LLC owned 0.11% of REV Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in REV Group by 27.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after purchasing an additional 461 shares during the period. Planning Center Inc. acquired a new stake in shares of REV Group during the fourth quarter worth $223,000. Atria Investments Inc bought a new position in REV Group during the third quarter worth $201,000. D.A. Davidson & CO. bought a new position in REV Group during the third quarter worth $229,000. Finally, Quest Partners LLC lifted its holdings in REV Group by 436.6% in the third quarter. Quest Partners LLC now owns 8,392 shares of the company’s stock valued at $235,000 after buying an additional 6,828 shares during the period.

REV Group Price Performance

REVG stock opened at $30.49 on Friday. 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 moving average is $32.94 and its 200-day moving average is $30.44. The stock has a market capitalization of $1.59 billion, a PE ratio of 6.79 and a beta of 1.60. REV Group, Inc. has a 1 year low of $17.76 and a 1 year high of $36.00.

REV Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 26th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.24 annualized dividend and a yield of 0.79%. This is a positive change from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio is presently 5.35%.

Insider Buying and Selling at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the company’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 owns 20,442 shares in the company, valued at approximately $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

REVG has been the subject of a number of recent analyst reports. Robert W. Baird increased their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Finally, DA Davidson boosted their price target on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.75.

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.