DekaBank Deutsche Girozentrale bought a new stake in shares of REV Group, Inc. (NYSE:REVG – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,105 shares of the company’s stock, valued at approximately $39,000.
A number of other institutional investors have also recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in shares of REV Group by 101.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,871 shares of the company’s stock valued at $25,000 after acquiring an additional 941 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of REV Group by 2.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,265 shares of the company’s stock valued at $455,000 after acquiring an additional 1,082 shares during the period. Quarry LP grew its position in shares of REV Group by 69.6% during the 2nd quarter. Quarry LP now owns 2,692 shares of the company’s stock valued at $36,000 after acquiring an additional 1,105 shares during the period. Renaissance Technologies LLC grew its position in shares of REV Group by 1.6% during the 4th quarter. Renaissance Technologies LLC now owns 77,500 shares of the company’s stock valued at $978,000 after acquiring an additional 1,200 shares during the period. Finally, Advisor Group Holdings Inc. grew its position in shares of REV Group by 63.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,100 shares of the company’s stock valued at $39,000 after acquiring an additional 1,208 shares during the period.
REV Group Trading Down 1.7 %
Shares of REV Group stock opened at $21.24 on Thursday. The firm’s 50-day moving average price is $20.10 and its 200 day moving average price is $17.86. REV Group, Inc. has a twelve month low of $9.85 and a twelve month high of $23.85. The firm has a market capitalization of $1.10 billion, a PE ratio of 5.24 and a beta of 1.70.
REV Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Wednesday, March 27th. REV Group’s dividend payout ratio (DPR) is 4.94%.
Wall Street Analyst Weigh In
REVG has been the topic of a number of research reports. StockNews.com raised shares of REV Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. The Goldman Sachs Group raised their price target on shares of REV Group from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, REV Group has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.
Get Our Latest Research Report on REV Group
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.
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