DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Raises Position in REV Group, Inc. (NYSE:REVG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 1,579.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,600 shares of the company's stock after buying an additional 66,397 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.14% of REV Group worth $2,250,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in REV Group during the 4th quarter worth $40,000. Pictet Asset Management Holding SA bought a new stake in REV Group in the 4th quarter valued at about $202,000. Cerity Partners LLC bought a new stake in REV Group in the 4th quarter valued at about $205,000. Bridgefront Capital LLC acquired a new position in REV Group during the 4th quarter valued at about $216,000. Finally, Brevan Howard Capital Management LP acquired a new position in REV Group during the 4th quarter valued at about $220,000.

REV Group Price Performance

NYSE:REVG traded down $0.39 during midday trading on Wednesday, hitting $38.02. The company had a trading volume of 870,770 shares, compared to its average volume of 695,730. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $38.69. The stock's fifty day moving average price is $32.19 and its 200-day moving average price is $31.84. The company has a market capitalization of $1.96 billion, a PE ratio of 8.47 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.06 per share. 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 0.63%. REV Group's dividend payout ratio (DPR) is currently 13.48%.

Analysts Set New Price Targets

Separately, Morgan Stanley downgraded REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective on the stock. in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.