Alliancebernstein L.P. Has $33.46 Million Holdings in REV Group, Inc. (NYSE:REVG)

Alliancebernstein L.P. trimmed its position in REV Group, Inc. (NYSE:REVG) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,049,880 shares of the company’s stock after selling 275,549 shares during the quarter. Alliancebernstein L.P. owned 2.02% of REV Group worth $33,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake 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 valued at $36,621,000 after buying an additional 173,759 shares in the last quarter. JPMorgan Chase & Co. raised its position in REV Group by 249.5% in the fourth quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company’s stock worth $6,102,000 after purchasing an additional 136,700 shares in the last quarter. Stifel Financial Corp lifted its stake in REV Group by 40.4% during the third quarter. Stifel Financial Corp now owns 308,423 shares of the company’s stock worth $8,654,000 after purchasing an additional 88,798 shares during the period. Barclays PLC lifted its stake in REV Group by 355.5% during the third quarter. Barclays PLC now owns 89,619 shares of the company’s stock worth $2,515,000 after purchasing an additional 69,946 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in REV Group during the fourth quarter valued at approximately $2,077,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on REVG shares. DA Davidson increased their target price on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Robert W. Baird increased their price objective on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. 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 analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.75.

REV Group Trading Down 1.7 %

REVG stock opened at $29.21 on Monday. 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 stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 6.51 and a beta of 1.21. The business has a fifty day moving average price of $31.92 and a 200 day moving average price of $30.89. REV Group, Inc. has a fifty-two week low of $20.51 and a fifty-two week high of $36.00.

REV Group Dividend Announcement

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

Insider Activity at REV Group

In related news, CAO Joseph Ladue sold 4,533 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at $658,436.82. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

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.