REV Group, Inc. (NYSE:REVG) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in REV Group, Inc. (NYSE:REVG) by 45.1% in the third quarter, Holdings Channel.com reports. The fund owned 22,636 shares of the company’s stock after selling 18,590 shares during the quarter. BNP Paribas Financial Markets’ holdings in REV Group were worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. FMR LLC grew 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 worth $173,227,000 after buying an additional 2,504,568 shares during the last quarter. Anthracite Investment Company Inc. acquired a new stake in shares of REV Group in the third quarter valued at approximately $6,334,000. Principal Financial Group Inc. boosted its holdings in shares of REV Group by 151.4% in the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock valued at $1,410,000 after acquiring an additional 30,262 shares during the period. American Century Companies Inc. grew its position in shares of REV Group by 25.9% during the second quarter. American Century Companies Inc. now owns 95,661 shares of the company’s stock worth $2,381,000 after acquiring an additional 19,674 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new position in shares of REV Group in the 2nd quarter valued at $753,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $33.00 price target on shares of REV Group in a report on Thursday, September 5th. The Goldman Sachs Group lifted their target price on REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday. StockNews.com lowered REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, Robert W. Baird increased their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday. 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $32.25.

REV Group Trading Up 0.9 %

NYSE REVG opened at $33.99 on Friday. The company has a market cap of $1.77 billion, a P/E ratio of 7.57 and a beta of 1.61. REV Group, Inc. has a 12 month low of $16.00 and a 12 month high of $35.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.85 and a quick ratio of 0.57. The company has a 50-day moving average of $29.29 and a 200-day moving average of $27.89.

REV Group Increases Dividend

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

REV Group Company 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.