Marshall Wace LLP Acquires Shares of 7,767 REV Group, Inc. (NYSE:REVG)

Marshall Wace LLP purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,767 shares of the company's stock, valued at approximately $248,000.

Other hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new stake in shares of REV Group in the 4th quarter valued at $40,000. Pictet Asset Management Holding SA purchased a new stake in shares of REV Group in the 4th quarter valued at $202,000. Cerity Partners LLC purchased a new stake in shares of REV Group in the 4th quarter valued at $205,000. RD Lewis Holdings Inc. purchased a new stake in shares of REV Group in the 4th quarter valued at $228,000. Finally, Planning Center Inc. purchased a new stake in shares of REV Group in the 4th quarter valued at $223,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley downgraded shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective on the stock. 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 stock. Based on data from MarketBeat, REV Group presently has an average rating of "Hold" and a consensus target price of $34.63.

REV Group Stock Performance

NYSE REVG traded up $0.53 during mid-day trading on Friday, reaching $36.33. 1,023,057 shares of the stock were exchanged, compared to its average volume of 694,499. The business's 50 day moving average is $31.70 and its 200-day moving average is $31.67. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $36.53. The company has a market capitalization of $1.88 billion, a P/E ratio of 8.09 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, March 28th. REV Group's dividend payout ratio (DPR) is presently 13.48%.

About REV Group

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.