Two Sigma Advisers LP Has $602,000 Stake in REV Group, Inc. (NYSE:REVG)

Two Sigma Advisers LP lifted its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 60.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,900 shares of the company's stock after purchasing an additional 7,100 shares during the period. Two Sigma Advisers LP's holdings in REV Group were worth $602,000 as of its most recent SEC filing.

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

REV Group Price Performance

Shares of REV Group stock traded up $1.91 on Friday, hitting $44.83. The company had a trading volume of 793,115 shares, compared to its average volume of 694,887. The company has a market cap of $2.32 billion, a PE ratio of 10.00 and a beta of 1.12. 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 business has a 50-day simple moving average of $34.28 and a 200-day simple moving average of $32.88. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $45.53.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. REV Group had a return on equity of 17.74% and a net margin of 10.82%. The firm had revenue of $629.10 million during the quarter, compared to analysts' expectations of $603.51 million. During the same quarter last year, the firm earned $0.39 earnings per share. The business's revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts expect that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 27th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, June 27th. REV Group's payout ratio is presently 13.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on REVG shares. DA Davidson increased their target price on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Morgan Stanley cut shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a research report on Wednesday, April 16th. Finally, Wall Street Zen raised shares of REV Group from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, REV Group currently has an average rating of "Hold" and a consensus price target of $38.00.

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.