REV Group, Inc. (NYSE:REVG) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in shares of REV Group, Inc. (NYSE:REVG) by 36.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,958 shares of the company’s stock after selling 17,163 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.05% of REV Group worth $520,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in REV Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,100,142 shares of the company’s stock worth $49,602,000 after acquiring an additional 27,236 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of REV Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,963,403 shares of the company’s stock worth $53,846,000 after purchasing an additional 39,484 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of REV Group by 22.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 769,660 shares of the company’s stock worth $13,985,000 after purchasing an additional 140,674 shares in the last quarter. Phocas Financial Corp. boosted its stake in shares of REV Group by 1.8% in the fourth quarter. Phocas Financial Corp. now owns 485,452 shares of the company’s stock valued at $8,821,000 after purchasing an additional 8,506 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of REV Group by 13.2% in the fourth quarter. Federated Hermes Inc. now owns 433,160 shares of the company’s stock valued at $7,871,000 after purchasing an additional 50,507 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have issued reports on REVG. The Goldman Sachs Group increased their target price on shares of REV Group from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, April 16th. StockNews.com lowered REV Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.60.

REV Group Trading Down 1.0 %

Shares of REVG opened at $26.85 on Thursday. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 6.63 and a beta of 1.67. The firm’s fifty day simple moving average is $22.49 and its 200-day simple moving average is $19.35. REV Group, Inc. has a twelve month low of $10.05 and a twelve month high of $27.31.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.10. The company had revenue of $586.00 million during the quarter, compared to analysts’ expectations of $579.42 million. REV Group had a return on equity of 16.43% and a net margin of 9.15%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, analysts predict that REV Group, Inc. will post 1.35 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.05 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. REV Group’s payout ratio is 4.94%.

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.