DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $2.25 Million Position in REV Group, Inc. (NYSE:REVG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in REV Group, Inc. (NYSE:REVG) by 1,579.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,600 shares of the company’s stock after acquiring an additional 66,397 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.14% of REV Group worth $2,250,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in REVG. New Age Alpha Advisors LLC bought a new position in shares of REV Group in the 4th quarter valued at approximately $40,000. Pictet Asset Management Holding SA bought a new position in shares of REV Group in the fourth quarter valued at approximately $202,000. Cerity Partners LLC acquired a new stake in shares of REV Group in the fourth quarter worth $205,000. Bridgefront Capital LLC bought a new stake in shares of REV Group during the 4th quarter worth $216,000. Finally, Brevan Howard Capital Management LP acquired a new position in REV Group in the 4th quarter valued at $220,000.

REV Group Trading Up 1.5 %

Shares of REV Group stock opened at $36.33 on Friday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.09 and a beta of 1.12. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $36.53. The company’s fifty day simple moving average is $31.70 and its 200-day simple moving average is $31.64. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued 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 dividend yield of 0.66%. REV Group’s payout ratio is 13.48%.

Analysts Set New Price Targets

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