Jane Street Group LLC Decreases Stake in REV Group, Inc. (NYSE:REVG)

Jane Street Group LLC reduced its stake in shares of REV Group, Inc. (NYSE:REVG) by 8.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,286 shares of the company’s stock after selling 2,857 shares during the period. Jane Street Group LLC owned about 0.06% of REV Group worth $965,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of REVG. New Age Alpha Advisors LLC purchased a new position in REV Group in the 4th quarter valued at approximately $40,000. Pictet Asset Management Holding SA purchased a new position in shares of REV Group in the fourth quarter valued at about $202,000. Cerity Partners LLC purchased a new position in shares of REV Group in the fourth quarter valued at about $205,000. RD Lewis Holdings Inc. purchased a new position in shares of REV Group during the fourth quarter valued at about $228,000. Finally, Planning Center Inc. purchased a new position in shares of REV Group during the fourth quarter valued at about $223,000.

REV Group Stock Performance

Shares of NYSE REVG opened at $37.13 on Friday. The stock has a market cap of $1.92 billion, a PE ratio of 8.27 and a beta of 1.12. The firm has a fifty day moving average price of $33.08 and a 200-day moving average price of $32.29. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $38.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 annualized dividend and a yield of 0.65%. REV Group’s payout ratio is 13.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on REVG shares. Morgan Stanley cut 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. Wall Street Zen upgraded shares of REV Group from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.63.

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.