LPL Financial LLC Sells 4,259 Shares of REV Group, Inc. (NYSE:REVG)

LPL Financial LLC cut its holdings in shares of REV Group, Inc. (NYSE:REVG) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,581 shares of the company’s stock after selling 4,259 shares during the quarter. LPL Financial LLC owned approximately 0.08% of REV Group worth $1,293,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. RD Lewis Holdings Inc. bought a new stake in REV Group during the fourth quarter worth $228,000. Planning Center Inc. acquired a new position in shares of REV Group during the 4th quarter worth about $223,000. Commonwealth Equity Services LLC raised its holdings in shares of REV Group by 30.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,180 shares of the company’s stock valued at $324,000 after purchasing an additional 2,362 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in REV Group in the 4th quarter valued at about $364,000. Finally, Ieq Capital LLC bought a new position in REV Group during the fourth quarter worth about $614,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.63.

REV Group Stock Performance

Shares of REVG stock opened at $29.75 on Friday. REV Group, Inc. has a 52 week low of $20.51 and a 52 week high of $36.00. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 6.63 and a beta of 1.22. The company has a 50-day simple moving average of $31.16 and a 200 day simple moving average of $31.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, March 28th. REV Group’s dividend payout ratio is presently 13.48%.

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.