Nicholas Investment Partners LP Sells 37,321 Shares of REV Group, Inc. (NYSE:REVG)

Nicholas Investment Partners LP reduced its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 591,708 shares of the company's stock after selling 37,321 shares during the quarter. REV Group accounts for approximately 1.7% of Nicholas Investment Partners LP's portfolio, making the stock its 6th largest holding. Nicholas Investment Partners LP owned 1.14% of REV Group worth $18,858,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered 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 given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $34.63.

REV Group Price Performance

Shares of REVG stock traded up $0.42 during trading hours on Friday, hitting $38.24. The company's 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 200-day moving average of $31.98. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 8.52 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 current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.06 per share. The ex-dividend date 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 (DPR) is currently 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.