D. E. Shaw & Co. Inc. Sells 22,260 Shares of REV Group, Inc. (NYSE:REVG)

D. E. Shaw & Co. Inc. reduced its position in REV Group, Inc. (NYSE:REVG - Free Report) by 24.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,164 shares of the company's stock after selling 22,260 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.13% of REV Group worth $2,141,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

REVG has been the topic of a number of research reports. Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective on the stock. in a report on Wednesday, April 16th. Wall Street Zen raised shares of REV Group from a "hold" rating to a "buy" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $34.63.

REV Group Trading Down 0.4%

Shares of NYSE REVG traded down $0.13 during midday trading on Friday, reaching $37.00. The company had a trading volume of 544,205 shares, compared to its average volume of 695,448. The stock has a market cap of $1.91 billion, a PE ratio of 8.24 and a beta of 1.12. REV Group, Inc. has a one year low of $21.54 and a one year high of $38.78. The firm's fifty day moving average price is $33.19 and its 200-day moving average price is $32.37. 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 declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.65%. REV Group's dividend payout ratio (DPR) is currently 13.48%.

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.