Captrust Financial Advisors Sells 2,657 Shares of REV Group, Inc. (NYSE:REVG)

Captrust Financial Advisors lessened its position in REV Group, Inc. (NYSE:REVG) by 23.4% in the 3rd quarter, Holdings Channel reports. The firm owned 8,717 shares of the company’s stock after selling 2,657 shares during the period. Captrust Financial Advisors’ holdings in REV Group were worth $245,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock valued at $61,000 after acquiring an additional 461 shares in the last quarter. Amalgamated Bank lifted its position in 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 acquiring an additional 716 shares in the last quarter. Victory Capital Management Inc. lifted its position in REV Group by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 29,334 shares of the company’s stock valued at $823,000 after acquiring an additional 822 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in REV Group by 11.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,806 shares of the company’s stock valued at $269,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in REV Group by 21.9% in the 2nd quarter. Arizona State Retirement System now owns 13,800 shares of the company’s stock valued at $343,000 after acquiring an additional 2,476 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on REVG shares. StockNews.com cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. The Goldman Sachs Group boosted their price target on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research report on Thursday. DA Davidson boosted their price target on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Robert W. Baird boosted their price target on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.75.

REV Group Stock Up 3.6 %

REV Group stock opened at $35.23 on Monday. The firm has a market capitalization of $1.84 billion, a PE ratio of 7.85 and a beta of 1.61. The company’s 50-day moving average is $29.44 and its 200-day moving average is $27.98. REV Group, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $35.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.57.

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. The ex-dividend date is Thursday, December 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.68%. This is a positive change from REV Group’s previous quarterly dividend of $0.05. REV Group’s dividend payout ratio is 4.45%.

About REV Group

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.