LSV Asset Management Sells 28,320 Shares of REV Group, Inc. (NYSE:REVG)

LSV Asset Management lowered its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,569 shares of the company's stock after selling 28,320 shares during the period. LSV Asset Management owned 0.29% of REV Group worth $4,735,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Hennessy Advisors Inc. grew its holdings in shares of 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 purchasing an additional 29,400 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in REV Group during the fourth quarter valued at approximately $2,077,000. Dynamic Technology Lab Private Ltd purchased a new position in REV Group in the 4th quarter worth approximately $526,000. Principal Financial Group Inc. increased its holdings in shares of REV Group by 151.4% in the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock worth $1,410,000 after buying an additional 30,262 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of REV Group during the 4th quarter valued at $614,000.

Analyst Ratings Changes

Separately, Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $34.63.

REV Group Price Performance

Shares of REVG stock traded down $0.19 during trading hours on Friday, hitting $29.75. 1,132,301 shares of the company's stock were exchanged, compared to its average volume of 706,361. The company has a market capitalization of $1.54 billion, a PE ratio of 6.63 and a beta of 1.22. 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, Inc. has a 12-month low of $20.51 and a 12-month high of $36.00. The business's 50 day simple moving average is $31.16 and its 200-day simple moving average is $31.04.

REV Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, March 28th. REV Group's payout ratio 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.