REV Group, Inc. (NYSE:REVG) Position Lessened by Driehaus Capital Management LLC

Driehaus Capital Management LLC reduced its position in REV Group, Inc. (NYSE:REVG - Free Report) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 776,037 shares of the company's stock after selling 85,497 shares during the period. Driehaus Capital Management LLC owned 1.49% of REV Group worth $24,732,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in REVG. Barclays PLC raised its stake in REV Group by 355.5% during the 3rd quarter. Barclays PLC now owns 89,619 shares of the company's stock valued at $2,515,000 after acquiring an additional 69,946 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of REV Group by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock worth $2,776,000 after purchasing an additional 766 shares during the period. Hennessy Advisors Inc. lifted its position in shares of REV Group by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after acquiring an additional 29,400 shares during the period. Ellsworth Advisors LLC purchased a new stake in shares of REV Group in the 4th quarter worth about $681,000. Finally, Janney Montgomery Scott LLC lifted its stake in REV Group by 2.9% in the 4th 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 in the last quarter.

REV Group Stock Down 0.3%

Shares of REV Group stock traded down $0.13 during trading on Wednesday, reaching $38.28. The company had a trading volume of 311,791 shares, compared to its average volume of 692,907. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 8.53 and a beta of 1.12. REV Group, Inc. has a fifty-two week low of $21.54 and a fifty-two week high of $38.69. The firm's fifty day moving average is $32.06 and its 200-day moving average is $31.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

REV Group Announces Dividend

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

Analyst Ratings Changes

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 note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, REV Group presently has a consensus rating of "Hold" and an average price target of $34.63.

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.