HighTower Advisors LLC Has $1.96 Million Stake in REV Group, Inc. (NYSE:REVG)

HighTower Advisors LLC boosted its position in shares of REV Group, Inc. (NYSE:REVG) by 39.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,657 shares of the company’s stock after acquiring an additional 19,722 shares during the quarter. HighTower Advisors LLC owned 0.13% of REV Group worth $1,957,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in shares of REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock valued at $44,000 after purchasing an additional 716 shares during the period. Farther Finance Advisors LLC lifted its position in shares of REV Group by 27.2% in the third quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after buying an additional 461 shares during the last quarter. CWM LLC boosted its stake in shares of REV Group by 525.6% during the 2nd quarter. CWM LLC now owns 4,010 shares of the company’s stock worth $100,000 after acquiring an additional 3,369 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of REV Group by 257.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock worth $187,000 after acquiring an additional 5,420 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in REV Group in the 3rd quarter valued at $201,000.

REV Group Price Performance

Shares of REV Group stock opened at $35.23 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 7.85 and a beta of 1.61. REV Group, Inc. has a twelve month low of $16.00 and a twelve month high of $35.96. The company has a 50-day simple moving average of $29.44 and a two-hundred day simple moving average of $27.97.

REV Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, December 26th will be paid a $0.06 dividend. This is a boost from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, December 26th. REV Group’s payout ratio is 4.45%.

Wall Street Analysts Forecast Growth

Several research firms have commented on REVG. StockNews.com downgraded shares of REV Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Robert W. Baird upped their price target on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday. DA Davidson boosted their price objective on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group increased their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.75.

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.