Y Intercept Hong Kong Ltd Has $317,000 Holdings in REV Group, Inc. (NYSE:REVG)

Y Intercept Hong Kong Ltd lessened its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 68.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,286 shares of the company's stock after selling 24,083 shares during the period. Y Intercept Hong Kong Ltd's holdings in REV Group were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in REVG. Amalgamated Bank lifted its stake in REV Group by 67.5% in the 2nd quarter. Amalgamated Bank now owns 1,777 shares of the company's stock valued at $44,000 after purchasing an additional 716 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in REV Group by 27.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,158 shares of the company's stock valued at $61,000 after purchasing an additional 461 shares during the last quarter. Atria Investments Inc bought a new position in REV Group in the 3rd quarter valued at approximately $201,000. DekaBank Deutsche Girozentrale lifted its stake in REV Group by 257.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,525 shares of the company's stock valued at $187,000 after purchasing an additional 5,420 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in REV Group in the 3rd quarter valued at approximately $229,000.

REV Group Trading Down 0.9 %

NYSE REVG traded down $0.29 on Wednesday, hitting $32.31. The company's stock had a trading volume of 796,828 shares, compared to its average volume of 767,455. The company has a quick ratio of 0.57, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 1-year low of $16.00 and a 1-year high of $35.96. The company's 50-day moving average is $29.69 and its 200 day moving average is $28.07. The firm has a market cap of $1.68 billion, a PE ratio of 7.20 and a beta of 1.61.

REV Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Thursday, December 26th will be given a $0.06 dividend. This is a boost from REV Group's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, December 26th. REV Group's dividend payout ratio is 5.35%.

Analyst Upgrades and Downgrades

REVG has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of REV Group from $25.00 to $28.50 and gave the company a "sell" rating in a research note on Thursday, December 12th. StockNews.com downgraded shares of REV Group from a "buy" rating to a "hold" rating in a research note on Thursday, September 5th. Robert W. Baird increased their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Finally, DA Davidson upped their price target on shares of REV Group from $33.00 to $39.00 and gave the company a "buy" rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.75.

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.