REV Group, Inc. (NYSE:REVG) Position Raised by Brightline Capital Management LLC

Brightline Capital Management LLC boosted its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 656,000 shares of the company's stock after purchasing an additional 8,000 shares during the quarter. REV Group comprises 16.5% of Brightline Capital Management LLC's holdings, making the stock its 2nd largest holding. Brightline Capital Management LLC owned 1.26% of REV Group worth $20,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of REVG. Hennessy Advisors Inc. increased its stake in REV Group by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after purchasing an additional 29,400 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of REV Group in the fourth quarter valued at approximately $2,077,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of REV Group during the fourth quarter valued at approximately $526,000. Principal Financial Group Inc. grew its holdings in REV Group by 151.4% during the third quarter. Principal Financial Group Inc. now owns 50,252 shares of the company's stock worth $1,410,000 after buying an additional 30,262 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in REV Group in the 4th quarter valued at $614,000.

REV Group Stock Performance

Shares of REV Group stock traded up $0.01 during trading hours on Thursday, hitting $29.95. 558,368 shares of the company's stock traded hands, compared to its average volume of 698,165. The company has a fifty day simple moving average of $31.23 and a 200-day simple moving average of $31.03. 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 stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 6.67 and a beta of 1.22. REV Group, Inc. has a 12-month low of $20.51 and a 12-month high of $36.00.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, March 28th. REV Group's dividend payout ratio is currently 13.48%.

Analyst Ratings Changes

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