Oberweis Asset Management Inc. Raises Stock Position in REV Group, Inc. (NYSE:REVG)

Oberweis Asset Management Inc. lifted its position in REV Group, Inc. (NYSE:REVG - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,600 shares of the company's stock after buying an additional 7,800 shares during the period. Oberweis Asset Management Inc. owned approximately 0.27% of REV Group worth $4,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of REVG. Bank of Montreal Can lifted its position in REV Group by 9.1% during the fourth quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock valued at $261,000 after purchasing an additional 682 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of REV Group by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock valued at $2,776,000 after buying an additional 766 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of REV Group by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock valued at $978,000 after buying an additional 859 shares in the last quarter. Dark Forest Capital Management LP grew its stake in shares of REV Group by 9.9% during the 4th quarter. Dark Forest Capital Management LP now owns 10,427 shares of the company's stock valued at $332,000 after acquiring an additional 935 shares during the period. Finally, Rhumbline Advisers increased its holdings in REV Group by 1.4% in the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock worth $2,267,000 after acquiring an additional 1,000 shares in the last quarter.

REV Group Trading Down 0.6 %

Shares of REV Group stock traded down $0.18 on Monday, reaching $32.11. The company had a trading volume of 334,963 shares, compared to its average volume of 703,156. The firm's 50-day moving average price is $30.88 and its two-hundred day moving average price is $31.27. REV Group, Inc. has a 1 year low of $21.13 and a 1 year high of $36.00. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 7.15 and a beta of 1.22. 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 Announces Dividend

The company 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, March 28th. REV Group's dividend payout ratio (DPR) is currently 13.48%.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target for the company. in a research 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 given a buy rating to the stock. Based on data from MarketBeat.com, REV Group 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.