Trexquant Investment LP Boosts Holdings in REV Group, Inc. (NYSE:REVG)

Trexquant Investment LP increased its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 307.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,303 shares of the company's stock after buying an additional 57,571 shares during the quarter. Trexquant Investment LP owned about 0.15% of REV Group worth $2,432,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in REVG. New Age Alpha Advisors LLC purchased a new position in shares of REV Group in the 4th quarter valued at approximately $40,000. Pictet Asset Management Holding SA acquired a new stake in shares of REV Group during the fourth quarter worth $202,000. Planning Center Inc. purchased a new position in REV Group in the 4th quarter valued at $223,000. RD Lewis Holdings Inc. acquired a new position in REV Group in the 4th quarter valued at $228,000. Finally, XTX Topco Ltd acquired a new position in REV Group in the 3rd quarter valued at $277,000.

REV Group Price Performance

Shares of REV Group stock traded up $1.07 during trading on Friday, reaching $32.00. The company's stock had a trading volume of 549,414 shares, compared to its average volume of 703,377. The business has a 50 day moving average price of $31.42 and a 200-day moving average price of $30.97. The company has a market capitalization of $1.65 billion, a P/E ratio of 7.13 and a beta of 1.22. The company has a quick ratio of 0.43, a current ratio of 1.72 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.

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REV Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid 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 dividend yield of 0.75%. REV Group's dividend payout ratio (DPR) is presently 13.48%.

Analysts Set New Price Targets

Separately, DA Davidson lifted their target price on shares of REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, REV Group currently has a consensus rating of "Hold" and an average price target of $33.75.

Insider Activity

In related news, CAO Joseph Ladue sold 4,533 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the completion of the transaction, the chief accounting officer now directly owns 20,442 shares of the company's stock, valued at $658,436.82. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company's stock.

About REV Group

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.