Aquatic Capital Management LLC Buys New Holdings in REV Group, Inc. (NYSE:REVG)

Aquatic Capital Management LLC purchased a new position in shares of REV Group, Inc. (NYSE:REVG) in the 4th quarter, Holdings Channel reports. The firm purchased 14,887 shares of the company’s stock, valued at approximately $474,000.

A number of other large investors also recently modified their holdings of REVG. Bank of Montreal Can lifted its position in shares of REV Group by 9.1% during the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock worth $261,000 after purchasing an additional 682 shares during the last quarter. Franklin Resources Inc. lifted its holdings in REV Group by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock worth $2,776,000 after buying an additional 766 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of REV Group by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company’s stock worth $978,000 after acquiring an additional 859 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in shares of REV Group by 9.9% in the 4th quarter. Dark Forest Capital Management LP now owns 10,427 shares of the company’s stock valued at $332,000 after acquiring an additional 935 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of REV Group by 1.4% during the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company’s stock worth $2,267,000 after acquiring an additional 1,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 price target for the company. in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.63.

REV Group Trading Up 4.8 %

REVG opened at $35.06 on Friday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 7.81 and a beta of 1.22. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $36.00. The business’s 50 day moving average is $31.06 and its two-hundred day moving average is $31.38. 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 Dividend Announcement

The firm also recently declared 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, March 28th. REV Group’s dividend payout ratio is currently 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.