7,767 Shares in REV Group, Inc. (NYSE:REVG) Acquired by Marshall Wace LLP

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

Several other institutional investors and hedge funds have also recently bought and sold shares of REVG. XTX Topco Ltd increased its stake in REV Group by 327.8% during the fourth quarter. XTX Topco Ltd now owns 42,232 shares of the company's stock worth $1,346,000 after acquiring an additional 32,361 shares during the last quarter. Barclays PLC increased its position in REV Group by 10.6% during the 4th quarter. Barclays PLC now owns 99,130 shares of the company's stock worth $3,158,000 after purchasing an additional 9,511 shares in the last quarter. Optimize Financial Inc purchased a new position in REV Group in the fourth quarter valued at approximately $252,000. Brightline Capital Management LLC lifted its position in REV Group by 1.2% during the fourth quarter. Brightline Capital Management LLC now owns 656,000 shares of the company's stock valued at $20,907,000 after buying an additional 8,000 shares in the last quarter. Finally, Invesco Ltd. grew its stake in REV Group by 43.4% during the fourth quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock worth $55,185,000 after buying an additional 524,369 shares during the period.

REV Group Stock Performance

REV Group stock opened at $35.57 on Tuesday. 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's fifty day moving average price is $31.16 and its 200 day moving average price is $31.44. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 7.92 and a beta of 1.12. REV Group, Inc. has a 12-month low of $21.54 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. Investors of record on Friday, March 28th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, March 28th. REV Group's dividend payout ratio is currently 13.48%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Wednesday, April 16th. Two 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, REV Group presently has an average rating of "Hold" and a consensus target price of $34.63.

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.

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