23,190 Shares in REV Group, Inc. (NYSE:REVG) Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. acquired a new stake in REV Group, Inc. (NYSE:REVG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,190 shares of the company’s stock, valued at approximately $739,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in REVG. FMR LLC grew its position in shares of REV Group by 68.3% during the third quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after buying an additional 2,504,568 shares in the last quarter. Vanguard Group Inc. increased its position in shares of REV Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company’s stock worth $166,965,000 after purchasing an additional 39,323 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 173,759 shares during the last quarter. State Street Corp raised its stake in shares of REV Group by 3.3% in the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company’s stock valued at $30,615,000 after purchasing an additional 35,066 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of REV Group by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 717,027 shares of the company’s stock worth $20,120,000 after purchasing an additional 18,936 shares during the last quarter.

REV Group Stock Down 1.3 %

Shares of REV Group stock opened at $31.65 on Tuesday. REV Group, Inc. has a twelve month low of $20.51 and a twelve month high of $36.00. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 7.05 and a beta of 1.56. 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 business’s 50 day simple moving average is $32.27 and its 200-day simple moving average is $30.80.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, March 28th. REV Group’s payout ratio is 13.48%.

Analyst Ratings Changes

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

Insider Activity

In other news, CAO Joseph Ladue sold 4,533 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the transaction, the chief accounting officer now directly owns 20,442 shares in the company, valued at approximately $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.