Lazard Asset Management LLC Has $5.70 Million Stake in REV Group, Inc. (NYSE:REVG)

Lazard Asset Management LLC decreased its holdings in REV Group, Inc. (NYSE:REVG) by 19.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,920 shares of the company’s stock after selling 42,696 shares during the period. Lazard Asset Management LLC owned about 0.34% of REV Group worth $5,702,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in REVG. New Age Alpha Advisors LLC acquired a new position in REV Group during the fourth quarter worth $40,000. Pictet Asset Management Holding SA acquired a new position in REV Group during the fourth quarter worth $202,000. Cerity Partners LLC bought a new position in shares of REV Group in the 4th quarter valued at approximately $205,000. RD Lewis Holdings Inc. acquired a new stake in REV Group in the 4th quarter worth approximately $228,000. Finally, Bridgefront Capital LLC acquired a new stake in REV Group in the 4th quarter worth approximately $216,000.

REV Group Stock Down 0.0%

Shares of REV Group stock opened at $37.83 on Friday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 8.43 and a beta of 1.12. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $32.34 and a two-hundred day moving average price of $31.91. REV Group, Inc. has a 12-month low of $21.54 and a 12-month high of $38.69.

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 given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.63%. REV Group’s payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut 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 given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.63.

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.