Brevan Howard Capital Management LP Buys New Stake in REV Group, Inc. (NYSE:REVG)

Brevan Howard Capital Management LP bought a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,904 shares of the company's stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bridgefront Capital LLC acquired a new stake in REV Group in the 4th quarter worth $216,000. Baird Financial Group Inc. acquired a new stake in REV Group in the 4th quarter worth $253,000. Bayesian Capital Management LP acquired a new stake in REV Group in the 4th quarter worth $473,000. AYAL Capital Advisors Ltd grew its position in REV Group by 7.4% in the 4th quarter. AYAL Capital Advisors Ltd now owns 225,123 shares of the company's stock worth $7,175,000 after purchasing an additional 15,543 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in REV Group in the 4th quarter worth $226,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target on the stock. in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $34.63.

REV Group Price Performance

NYSE:REVG opened at $37.41 on Tuesday. The company has a 50-day moving average of $31.89 and a 200-day moving average of $31.75. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 8.33 and a beta of 1.12. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $38.32. 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 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 issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's payout ratio is 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.

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