Envestnet Asset Management Inc. Acquires 8,741 Shares of REV Group, Inc. (NYSE:REVG)

Envestnet Asset Management Inc. grew its position in REV Group, Inc. (NYSE:REVG) by 96.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,805 shares of the company’s stock after acquiring an additional 8,741 shares during the period. Envestnet Asset Management Inc.’s holdings in REV Group were worth $567,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in shares of REV Group during the fourth quarter worth $40,000. Pictet Asset Management Holding SA bought a new stake in REV Group in the 4th quarter valued at about $202,000. Planning Center Inc. acquired a new position in shares of REV Group during the fourth quarter worth approximately $223,000. RD Lewis Holdings Inc. bought a new position in shares of REV Group in the fourth quarter valued at $228,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in REV Group in the 4th quarter valued at about $289,000.

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 price objective on the stock. in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.63.

REV Group Stock Performance

Shares of REVG stock opened at $35.06 on Friday. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $36.00. The firm’s 50 day moving average is $31.06 and its 200 day moving average is $31.39. 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 $1.81 billion, a P/E ratio of 7.81 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 dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, March 28th. REV Group’s payout ratio 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.