Bayesian Capital Management LP Makes New Investment in REV Group, Inc. (NYSE:REVG)

Bayesian Capital Management LP purchased a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 14,837 shares of the company's stock, valued at approximately $473,000.

A number of other hedge funds have also modified their holdings of REVG. Bank of Montreal Can boosted its holdings in shares of REV Group by 9.1% in the fourth quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock valued at $261,000 after buying an additional 682 shares during the period. Franklin Resources Inc. boosted its holdings in shares of REV Group by 0.8% in the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock valued at $2,776,000 after buying an additional 766 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of REV Group by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock valued at $978,000 after buying an additional 859 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of REV Group by 9.9% in the fourth quarter. Dark Forest Capital Management LP now owns 10,427 shares of the company's stock valued at $332,000 after buying an additional 935 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of REV Group by 1.4% in the fourth quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock valued at $2,267,000 after buying an additional 1,000 shares during the period.

REV Group Price Performance

REVG traded up $1.08 on Monday, hitting $37.48. 82,835 shares of the stock were exchanged, compared to its average volume of 692,095. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $38.69. The business has a 50-day moving average of $31.70 and a two-hundred day moving average of $31.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 8.35 and a beta of 1.12.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.06 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. REV Group's payout ratio is currently 13.48%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut shares of 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 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, REV Group currently has a consensus rating of "Hold" and an average 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.