Oxford Asset Management LLP Buys Shares of 17,764 REV Group, Inc. (NYSE:REVG)

Oxford Asset Management LLP bought a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,764 shares of the company's stock, valued at approximately $566,000.

Several other hedge funds also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC purchased a new stake in REV Group during the 4th quarter valued at about $40,000. Pictet Asset Management Holding SA purchased a new stake in REV Group during the 4th quarter valued at about $202,000. Cerity Partners LLC purchased a new stake in REV Group during the 4th quarter valued at about $205,000. RD Lewis Holdings Inc. purchased a new stake in REV Group during the 4th quarter valued at about $228,000. Finally, Planning Center Inc. purchased a new stake in REV Group during the 4th quarter valued at about $223,000.

Analyst Ratings Changes

Separately, Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $34.63.

REV Group Price Performance

REVG stock traded up $0.80 during mid-day trading on Thursday, reaching $33.50. 560,345 shares of the company's stock were exchanged, compared to its average volume of 700,214. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 7.46 and a beta of 1.22. The stock's 50 day moving average is $30.89 and its 200 day moving average is $31.29. 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, Inc. has a 12-month low of $21.43 and a 12-month high of $36.00.

REV Group Announces Dividend

The firm also recently declared 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 0.72%. REV Group's dividend payout ratio is currently 13.48%.

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.