Oberweis Asset Management Inc. Boosts Stock Holdings in REV Group, Inc. (NYSE:REVG)

Oberweis Asset Management Inc. boosted its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,600 shares of the company's stock after buying an additional 7,800 shares during the quarter. Oberweis Asset Management Inc. owned 0.27% of REV Group worth $4,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of REV Group by 26.7% during the fourth quarter. FMR LLC now owns 7,819,739 shares of the company's stock worth $249,215,000 after acquiring an additional 1,646,293 shares during the period. Vanguard Group Inc. lifted its stake in shares of REV Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company's stock worth $166,965,000 after purchasing an additional 39,323 shares during the last quarter. Invesco Ltd. boosted its position in REV Group by 43.4% during the fourth quarter. Invesco Ltd. now owns 1,731,557 shares of the company's stock valued at $55,185,000 after purchasing an additional 524,369 shares in the last quarter. Geode Capital Management LLC boosted its position in REV Group by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 1,384,108 shares of the company's stock valued at $44,121,000 after purchasing an additional 79,243 shares in the last quarter. Finally, Brightline Capital Management LLC raised its holdings in REV Group by 1.2% in the fourth quarter. Brightline Capital Management LLC now owns 656,000 shares of the company's stock worth $20,907,000 after purchasing an additional 8,000 shares in the last quarter.

REV Group Stock Performance

Shares of NYSE REVG traded up $0.04 during midday trading on Wednesday, reaching $32.31. The company had a trading volume of 170,129 shares, compared to its average volume of 700,039. REV Group, Inc. has a 1 year low of $21.42 and a 1 year high of $36.00. The business's 50-day simple moving average is $30.86 and its 200 day simple moving average is $31.28. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.67 billion, a P/E ratio of 7.20 and a beta of 1.22.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were paid a $0.06 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.74%. REV Group's dividend payout ratio (DPR) is 13.48%.

Analysts Set New Price Targets

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

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.