REV Group, Inc. (NYSE:REVG) Stock Holdings Decreased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 433,492 shares of the company's stock after selling 68,044 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.83% of REV Group worth $13,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REVG. New Age Alpha Advisors LLC acquired a new stake in REV Group in the fourth quarter valued at $40,000. Pictet Asset Management Holding SA bought a new stake in REV Group in the fourth quarter valued at $202,000. Cerity Partners LLC acquired a new position in REV Group during the 4th quarter valued at about $205,000. RD Lewis Holdings Inc. acquired a new position in shares of REV Group during the fourth quarter worth approximately $228,000. Finally, Bridgefront Capital LLC acquired a new position in REV Group during the 4th quarter worth $216,000.

REV Group Price Performance

Shares of REV Group stock traded up $0.42 during trading on Friday, hitting $38.24. The stock had a trading volume of 582,948 shares, compared to its average volume of 697,434. The business has a fifty day moving average of $32.49 and a two-hundred day moving average of $31.98. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week high of $38.78. The firm has a market cap of $1.98 billion, a P/E ratio of 8.52 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.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.63%. REV Group's dividend payout ratio (DPR) is 13.48%.

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

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.