Aquatic Capital Management LLC Takes $474,000 Position in REV Group, Inc. (NYSE:REVG)

Aquatic Capital Management LLC purchased a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,887 shares of the company's stock, valued at approximately $474,000.

Other large investors have also modified their holdings of the company. Bank of Montreal Can grew its position in shares of REV Group by 9.1% during the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock valued at $261,000 after buying an additional 682 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of REV Group by 0.8% during the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock worth $2,776,000 after buying an additional 766 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of REV Group by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock worth $978,000 after acquiring an additional 859 shares during the period. Dark Forest Capital Management LP raised its holdings in REV Group by 9.9% during the fourth quarter. Dark Forest Capital Management LP now owns 10,427 shares of the company's stock valued at $332,000 after buying an additional 935 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of REV Group by 1.4% during the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock valued at $2,267,000 after acquiring an additional 1,000 shares during the last quarter.

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 price objective for the company. in a research report on Wednesday, April 16th. Two investment 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's stock. According to MarketBeat.com, REV Group currently has a consensus rating of "Hold" and an average target price of $34.63.

REV Group Stock Up 0.6 %

Shares of REVG traded up $0.21 during midday trading on Thursday, hitting $35.76. The stock had a trading volume of 172,069 shares, compared to its average volume of 695,737. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $37.23. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 7.96 and a beta of 1.12. 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 50 day simple moving average of $31.36 and a two-hundred day simple moving average of $31.50.

REV Group Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, March 28th. REV Group's dividend payout ratio (DPR) is presently 13.48%.

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.