9,078 Shares in REV Group, Inc. (NYSE:REVG) Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,078 shares of the company's stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hennessy Advisors Inc. increased its position in REV Group by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock worth $14,689,000 after acquiring an additional 29,400 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $2,077,000. Principal Financial Group Inc. boosted its stake in shares of REV Group by 151.4% in the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock valued at $1,410,000 after buying an additional 30,262 shares during the period. Ieq Capital LLC acquired a new stake in REV Group during the fourth quarter worth approximately $614,000. Finally, Anchor Capital Advisors LLC bought a new position in REV Group during the 4th quarter worth $1,768,000.

Analyst Ratings Changes

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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $34.63.

REV Group Price Performance

NYSE REVG traded down $0.19 on Friday, hitting $29.75. 1,132,301 shares of the company's stock were exchanged, compared to its average volume of 706,361. REV Group, Inc. has a 52 week low of $20.51 and a 52 week high of $36.00. The stock has a 50-day moving average of $31.16 and a 200-day moving average of $31.04. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 6.63 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 paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, March 28th. 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.