305,907 Shares in REV Group, Inc. (NYSE:REVG) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in shares of REV Group, Inc. (NYSE:REVG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 305,907 shares of the company’s stock, valued at approximately $9,749,000. Point72 Asset Management L.P. owned about 0.59% of REV Group as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of REVG. Asset Management One Co. Ltd. acquired a new stake in shares of REV Group during the fourth quarter worth $2,077,000. Aquatic Capital Management LLC purchased a new stake in shares of REV Group in the fourth quarter valued at about $474,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of REV Group during the fourth quarter worth about $526,000. Ieq Capital LLC purchased a new position in REV Group during the fourth quarter worth about $614,000. Finally, Anchor Capital Advisors LLC acquired a new stake in REV Group in the fourth quarter valued at about $1,768,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.63.

REV Group Stock Performance

Shares of REVG opened at $38.24 on Monday. 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 52-week low of $21.54 and a 52-week high of $38.78. The company has a 50-day simple moving average of $32.49 and a 200-day simple moving average of $32.06. The company has a market capitalization of $1.98 billion, a PE ratio of 8.52 and a beta of 1.12.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.63%. REV Group’s dividend payout ratio (DPR) is presently 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.