Stifel Financial Corp Increases Stock Holdings in REV Group, Inc. (NYSE:REVG)

Stifel Financial Corp lifted its position in shares of REV Group, Inc. (NYSE:REVG) by 40.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 308,423 shares of the company’s stock after buying an additional 88,798 shares during the quarter. Stifel Financial Corp owned approximately 0.59% of REV Group worth $8,654,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FMR LLC increased 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 buying an additional 2,504,568 shares during the period. Hennessy Advisors Inc. acquired a new position in REV Group in the second quarter valued at about $9,535,000. AYAL Capital Advisors Ltd acquired a new stake in shares of REV Group in the 2nd quarter valued at $6,558,000. Anthracite Investment Company Inc. acquired a new position in REV Group during the third quarter valued at approximately $6,334,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in REV Group in the third quarter valued at $5,973,000.

REV Group Price Performance

Shares of REV Group stock opened at $33.99 on Friday. The stock’s 50-day simple moving average is $29.29 and its 200-day simple moving average is $27.89. REV Group, Inc. has a 52 week low of $16.00 and a 52 week high of $35.96. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 7.57 and a beta of 1.61. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be paid a dividend of $0.06 per share. This is a positive change from REV Group’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.71%. REV Group’s dividend payout ratio is presently 5.35%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on REVG shares. DA Davidson restated a “buy” rating and issued a $33.00 price target on shares of REV Group in a research note on Thursday, September 5th. Robert W. Baird boosted their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group upped their price target on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday. One equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.25.

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.