Mitsubishi UFJ Asset Management Co. Ltd. Sells 5,048 Shares of REV Group, Inc. (NYSE:REVG)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its holdings in shares of REV Group, Inc. (NYSE:REVG) by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,432 shares of the company’s stock after selling 5,048 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in REV Group were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 18,936 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of REV Group during the third quarter valued at $229,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of REV Group by 10.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock valued at $336,000 after acquiring an additional 1,171 shares during the period. HighTower Advisors LLC lifted its position in REV Group by 39.5% during the 3rd quarter. HighTower Advisors LLC now owns 69,657 shares of the company’s stock worth $1,957,000 after acquiring an additional 19,722 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in REV Group by 31.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 315,530 shares of the company’s stock worth $8,854,000 after acquiring an additional 76,100 shares during the period.

REV Group Stock Up 1.9 %

Shares of REVG stock opened at $32.81 on Thursday. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a twelve month low of $20.51 and a twelve month high of $36.00. The stock has a 50 day moving average of $32.15 and a 200 day moving average of $30.85. The stock has a market cap of $1.70 billion, a P/E ratio of 7.31 and a beta of 1.21.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. REV Group’s dividend payout ratio is currently 13.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price objective on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a report on Thursday, December 12th. Robert W. Baird raised their price target on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, DA Davidson upped their price objective on shares of REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $33.75.

Insider Buying and Selling

In related news, CAO Joseph Ladue sold 4,533 shares of the company’s 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 transaction, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

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.