REV Group, Inc. (NYSE:REVG) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 249.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,481 shares of the company's stock after purchasing an additional 136,700 shares during the period. JPMorgan Chase & Co. owned about 0.37% of REV Group worth $6,102,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Hennessy Advisors Inc. increased its holdings in REV Group by 6.8% in the 4th 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 in the last quarter. Asset Management One Co. Ltd. bought a new stake in REV Group in the fourth quarter worth $2,077,000. Principal Financial Group Inc. lifted its position in shares of REV Group by 151.4% during the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock worth $1,410,000 after purchasing an additional 30,262 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of REV Group during the fourth quarter worth $614,000. Finally, Anchor Capital Advisors LLC bought a new position in REV Group during the 4th quarter worth about $1,768,000.

Wall Street Analyst Weigh In

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

REV Group Trading Up 3.8 %

REVG stock traded up $1.17 during midday trading on Wednesday, hitting $31.64. 74,362 shares of the company's stock were exchanged, compared to its average volume of 702,932. The business has a 50-day simple moving average of $31.05 and a two-hundred day simple moving average of $31.12. 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 capitalization of $1.63 billion, a PE ratio of 7.05 and a beta of 1.22. REV Group, Inc. has a 1-year low of $21.13 and a 1-year high of $36.00.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.06 per share. The ex-dividend date was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.76%. REV Group's dividend payout ratio is currently 13.48%.

REV Group Company 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.