Bank of Montreal Can Boosts Holdings in REV Group, Inc. (NYSE:REVG)

Bank of Montreal Can boosted its stake in REV Group, Inc. (NYSE:REVG) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,182 shares of the company’s stock after acquiring an additional 682 shares during the period. Bank of Montreal Can’s holdings in REV Group were worth $261,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of REV Group by 26.7% in the fourth quarter. FMR LLC now owns 7,819,739 shares of the company’s stock valued at $249,215,000 after buying an additional 1,646,293 shares during the period. Vanguard Group Inc. increased its holdings in REV Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company’s stock worth $166,965,000 after acquiring an additional 39,323 shares during the last quarter. Geode Capital Management LLC raised its stake in REV Group by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company’s stock valued at $44,121,000 after acquiring an additional 79,243 shares during the period. Hennessy Advisors Inc. lifted its holdings in REV Group by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company’s stock valued at $14,689,000 after purchasing an additional 29,400 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in REV Group by 249.5% during the fourth quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company’s stock worth $6,102,000 after purchasing an additional 136,700 shares during the period.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered shares of REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.63.

REV Group Stock Performance

NYSE REVG opened at $32.25 on Friday. The company’s 50 day simple moving average is $30.95 and its two-hundred day simple moving average is $31.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. REV Group, Inc. has a 1 year low of $21.13 and a 1 year high of $36.00. The stock has a market capitalization of $1.67 billion, a PE ratio of 7.18 and a beta of 1.22.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. REV Group’s dividend payout ratio (DPR) is presently 13.48%.

REV Group 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.