Point72 Asset Management L.P. Takes Position in REV Group, Inc. (NYSE:REVG)

Point72 Asset Management L.P. purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 305,907 shares of the company's stock, valued at approximately $9,749,000. Point72 Asset Management L.P. owned about 0.59% of REV Group at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in REVG. Asset Management One Co. Ltd. purchased a new stake in shares of REV Group during the 4th quarter valued at $2,077,000. Aquatic Capital Management LLC purchased a new stake in shares of REV Group during the fourth quarter valued at approximately $474,000. Dynamic Technology Lab Private Ltd purchased a new stake in REV Group in the fourth quarter worth approximately $526,000. Ieq Capital LLC purchased a new stake in REV Group in the fourth quarter worth approximately $614,000. Finally, Anchor Capital Advisors LLC purchased a new position in shares of REV Group during the 4th quarter worth $1,768,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley downgraded 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 report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $34.63.

REV Group Trading Down 2.5%

REVG stock traded down $0.96 during trading on Wednesday, reaching $37.54. 389,990 shares of the stock were exchanged, compared to its average volume of 695,416. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $32.93 and a 200-day moving average price of $32.22. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $38.78. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 8.36 and a beta of 1.12.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.06 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.64%. REV Group's dividend payout ratio is presently 13.48%.

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.