Gotham Asset Management LLC Makes New $476,000 Investment in REV Group, Inc. (NYSE:REVG)

Gotham Asset Management LLC purchased a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,935 shares of the company's stock, valued at approximately $476,000.

Other large investors also recently bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new stake in REV Group during the 4th quarter worth about $2,077,000. Aquatic Capital Management LLC purchased a new position in shares of REV Group in the 4th quarter valued at about $474,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of REV Group in the 4th quarter valued at about $526,000. Ieq Capital LLC purchased a new position in shares of REV Group in the 4th quarter valued at about $614,000. Finally, Anchor Capital Advisors LLC purchased a new position in shares of REV Group in the 4th quarter valued at about $1,768,000.

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 report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $34.63.

REV Group Trading Up 0.2%

REVG opened at $38.33 on Tuesday. REV Group, Inc. has a one year low of $21.54 and a one year high of $38.78. The company has a market cap of $1.98 billion, a P/E ratio of 8.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The business's 50-day simple moving average is $32.63 and its 200-day simple moving average is $32.14.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors 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 yield of 0.63%. REV Group's dividend payout ratio is presently 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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