Mercer Global Advisors Inc. ADV Takes $226,000 Position in REV Group, Inc. (NYSE:REVG)

Mercer Global Advisors Inc. ADV bought a new stake in REV Group, Inc. (NYSE:REVG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,085 shares of the company’s stock, valued at approximately $226,000.

A number of other large investors also recently modified their holdings of REVG. New Age Alpha Advisors LLC bought a new position in shares of REV Group in the fourth quarter valued at approximately $40,000. Pictet Asset Management Holding SA bought a new position in shares of REV Group in the fourth quarter valued at approximately $202,000. Cerity Partners LLC bought a new position in shares of REV Group in the fourth quarter valued at approximately $205,000. Planning Center Inc. bought a new position in shares of REV Group in the fourth quarter valued at approximately $223,000. Finally, RD Lewis Holdings Inc. bought a new position in shares of REV Group in the fourth quarter valued at approximately $228,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.63.

REV Group Stock Performance

Shares of REV Group stock opened at $38.24 on Friday. The business’s fifty day simple moving average is $32.49 and its 200 day simple moving average is $31.98. The firm has a market capitalization of $1.98 billion, a P/E ratio of 8.52 and a beta of 1.12. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $38.78. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

REV Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.63%. REV Group’s dividend payout ratio (DPR) is currently 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.