Prudential Financial Inc. Acquires Shares of 58,885 REV Group, Inc. (NYSE:REVG)

Prudential Financial Inc. bought a new stake in shares of REV Group, Inc. (NYSE:REVG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 58,885 shares of the company’s stock, valued at approximately $1,877,000. Prudential Financial Inc. owned about 0.11% of REV Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of REVG. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 39,323 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in REV Group in the fourth quarter worth about $364,000. American Century Companies Inc. lifted its stake in REV Group by 29.2% in the fourth quarter. American Century Companies Inc. now owns 144,526 shares of the company’s stock worth $4,606,000 after purchasing an additional 32,651 shares during the last quarter. RD Lewis Holdings Inc. purchased a new position in shares of REV Group during the fourth quarter valued at approximately $228,000. Finally, Natixis Advisors LLC grew its stake in shares of REV Group by 22.4% during the fourth quarter. Natixis Advisors LLC now owns 55,704 shares of the company’s stock valued at $1,775,000 after buying an additional 10,207 shares during the last quarter.

REV Group Price Performance

Shares of REVG stock opened at $29.21 on Friday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 6.51 and a beta of 1.21. 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 fifty day simple moving average of $31.92 and a two-hundred day simple moving average of $30.85.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, March 28th. REV Group’s payout ratio is 13.48%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on REVG. Robert W. Baird raised their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. DA Davidson lifted their target price on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group boosted their target price on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday, December 12th. One equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.75.

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 stock was sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the sale, the chief accounting officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

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.