REV Group, Inc. (NYSE:REVG) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its position in REV Group, Inc. (NYSE:REVG - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 390,158 shares of the company's stock after purchasing an additional 20,667 shares during the quarter. AQR Capital Management LLC owned approximately 0.75% of REV Group worth $12,434,000 as of its most recent SEC filing.

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

REV Group Stock Up 1.5%

NYSE REVG traded up $0.53 during midday trading on Friday, hitting $36.33. 1,023,057 shares of the company traded hands, compared to its average volume of 694,499. 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 company has a market cap of $1.88 billion, a PE ratio of 8.09 and a beta of 1.12. The company's 50-day simple moving average is $31.70 and its 200-day simple moving average is $31.67. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $36.53.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.66%. REV Group's payout ratio is 13.48%.

Wall Street Analysts Forecast Growth

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 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. According to data from MarketBeat, REV Group currently has a consensus rating of "Hold" and an average price target 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.