AQR Capital Management LLC Acquires 20,667 Shares of REV Group, Inc. (NYSE:REVG)

AQR Capital Management LLC raised its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 5.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 390,158 shares of the company's stock after acquiring an additional 20,667 shares during the period. AQR Capital Management LLC owned approximately 0.75% of REV Group worth $12,434,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new position in shares of REV Group during the fourth quarter valued at approximately $40,000. Pictet Asset Management Holding SA purchased a new stake in REV Group during the 4th quarter valued at $202,000. Cerity Partners LLC bought a new position in shares of REV Group during the 4th quarter valued at $205,000. RD Lewis Holdings Inc. purchased a new position in shares of REV Group in the 4th quarter worth $228,000. Finally, Planning Center Inc. bought a new stake in shares of REV Group in the fourth quarter worth $223,000.

REV Group Stock Up 1.6 %

NYSE REVG opened at $35.57 on Tuesday. The stock's 50-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 P/E ratio of 7.92 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. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $36.06.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend 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 Analyst Weigh In

Separately, Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.63.

REV Group Company 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.

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