Franklin Resources Inc. Buys 766 Shares of REV Group, Inc. (NYSE:REVG)

Franklin Resources Inc. raised its position in shares of REV Group, Inc. (NYSE:REVG) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,636 shares of the company’s stock after acquiring an additional 766 shares during the period. Franklin Resources Inc. owned approximately 0.19% of REV Group worth $2,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in REV Group by 67.5% during the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company’s stock worth $44,000 after purchasing an additional 716 shares during the last quarter. Farther Finance Advisors LLC increased its position in REV Group by 27.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company’s stock worth $61,000 after buying an additional 461 shares during the period. Atria Investments Inc acquired a new stake in shares of REV Group during the third quarter worth $201,000. DekaBank Deutsche Girozentrale boosted its position in shares of REV Group by 257.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company’s stock valued at $187,000 after acquiring an additional 5,420 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in shares of REV Group in the third quarter valued at about $229,000.

Analysts Set New Price Targets

REVG has been the subject of several analyst reports. DA Davidson lifted their price objective on shares of REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Robert W. Baird lifted their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. StockNews.com downgraded REV Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group upped their price target on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.75.

REV Group Trading Up 2.2 %

Shares of REVG stock opened at $31.51 on Thursday. The stock has a 50-day moving average of $30.09 and a 200-day moving average of $28.25. The company has a current ratio of 1.72, a quick ratio of 0.57 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 7.02 and a beta of 1.61. REV Group, Inc. has a 1-year low of $16.00 and a 1-year high of $35.96.

REV Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Thursday, December 26th will be given 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 0.76%. This is an increase from REV Group’s previous quarterly dividend of $0.05. REV Group’s payout ratio is 5.35%.

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.