Cortina Asset Management LLC decreased its holdings in Rev Group Inc (NYSE:REVG) by 29.7% in the 4th quarter, Holdings Channel reports. The firm owned 200,066 shares of the company’s stock after selling 84,483 shares during the quarter. Cortina Asset Management LLC’s holdings in Rev Group were worth $6,508,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. bought a new stake in shares of Rev Group during the third quarter worth $128,000. Virtu Financial LLC bought a new stake in shares of Rev Group during the fourth quarter worth $209,000. Private Advisor Group LLC bought a new stake in shares of Rev Group during the third quarter worth $224,000. Bluestein R H & Co. bought a new stake in shares of Rev Group during the third quarter worth $230,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Rev Group during the second quarter worth $276,000. Hedge funds and other institutional investors own 86.80% of the company’s stock.
Shares of Rev Group Inc (NYSE:REVG) opened at $27.00 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.77. Rev Group Inc has a 52 week low of $23.38 and a 52 week high of $33.15. The company has a market capitalization of $1,760.71 and a price-to-earnings ratio of 32.09.
The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, January 26th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.22%. Rev Group’s dividend payout ratio (DPR) is presently 142.86%.
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $36.00 target price on Rev Group and gave the stock a “buy” rating in a research report on Friday, February 9th. SunTrust Banks lifted their price objective on Rev Group to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Zacks Investment Research cut Rev Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd.
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About Rev Group
REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).
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