Invesco Ltd. Boosts Stock Position in REV Group, Inc. (NYSE:REVG)

Invesco Ltd. grew its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 43.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,731,557 shares of the company's stock after acquiring an additional 524,369 shares during the period. Invesco Ltd. owned about 3.33% of REV Group worth $55,185,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in REVG. New Age Alpha Advisors LLC purchased a new position in REV Group in the fourth quarter valued at $40,000. Pictet Asset Management Holding SA purchased a new stake in shares of REV Group during the fourth quarter worth approximately $202,000. Cerity Partners LLC purchased a new position in REV Group in the fourth quarter worth approximately $205,000. Planning Center Inc. acquired a new position in REV Group during the 4th quarter worth approximately $223,000. Finally, RD Lewis Holdings Inc. acquired a new stake in shares of REV Group in the 4th quarter valued at $228,000.

REV Group Stock Performance

Shares of REV Group stock traded down $0.62 on Monday, hitting $29.20. The stock had a trading volume of 104,398 shares, compared to its average volume of 703,906. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 6.53 and a beta of 1.22. REV Group, Inc. has a 52-week low of $20.86 and a 52-week high of $36.00. The company's 50 day moving average price is $31.10 and its 200 day moving average price is $31.11. 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 Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.82%. REV Group's dividend payout ratio (DPR) is 13.48%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target for the company. in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $34.63.

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.