Deutsche Bank AG Lowers Stock Holdings in REV Group, Inc. (NYSE:REVG)

Deutsche Bank AG lessened its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 71.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 45,928 shares of the company's stock after selling 116,394 shares during the period. Deutsche Bank AG owned 0.09% of REV Group worth $1,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of REVG. Bank of Montreal Can lifted its holdings in shares of REV Group by 9.1% in the fourth quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock worth $261,000 after buying an additional 682 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of REV Group by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock valued at $978,000 after buying an additional 859 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in REV Group by 9.9% during the 4th quarter. Dark Forest Capital Management LP now owns 10,427 shares of the company's stock valued at $332,000 after buying an additional 935 shares in the last quarter. Rhumbline Advisers grew its position in shares of REV Group by 1.4% during the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company's stock worth $2,267,000 after buying an additional 1,000 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in REV Group during the fourth quarter valued at approximately $40,000.

REV Group Stock Down 0.9%

Shares of NYSE REVG traded down $0.35 during midday trading on Thursday, hitting $37.27. 502,207 shares of the company's stock were exchanged, compared to its average volume of 688,451. The company has a market cap of $1.93 billion, a PE ratio of 8.30 and a beta of 1.12. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $38.78. 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 firm's fifty day simple moving average is $33.63 and its 200-day simple moving average is $32.56.

REV Group Announces Dividend

The business also recently declared 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 of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.64%. REV Group's dividend payout ratio (DPR) is presently 13.48%.

Analysts Set New Price Targets

REVG has been the topic of several analyst reports. Wall Street Zen raised shares of REV Group from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. The Goldman Sachs Group raised their price objective on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday. Finally, Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $35.00.

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.