XTX Topco Ltd Acquires 32,361 Shares of REV Group, Inc. (NYSE:REVG)

XTX Topco Ltd lifted its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 327.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,232 shares of the company's stock after purchasing an additional 32,361 shares during the period. XTX Topco Ltd owned approximately 0.08% of REV Group worth $1,346,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Bank of Montreal Can boosted its stake in shares of REV Group by 9.1% in the 4th 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 during the last quarter. Franklin Resources Inc. boosted its stake in REV Group by 0.8% in the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock valued at $2,776,000 after acquiring an additional 766 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in REV Group by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock worth $978,000 after acquiring an additional 859 shares during the period. Rhumbline Advisers raised its position in shares of REV Group by 1.4% during the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock valued at $2,267,000 after acquiring an additional 1,000 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of REV Group in the 4th quarter valued at $40,000.

REV Group Trading Down 0.6 %

Shares of REVG traded down $0.19 during trading hours on Friday, reaching $29.75. The stock had a trading volume of 1,132,301 shares, compared to its average volume of 706,207. The firm has a 50-day moving average of $31.10 and a 200 day moving average of $31.11. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.54 billion, a P/E ratio of 6.63 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.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's dividend payout ratio (DPR) is presently 13.48%.

Analyst Ratings Changes

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

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.