Seven Six Capital Management LLC Purchases New Shares in REV Group, Inc. (NYSE:REVG)

Seven Six Capital Management LLC purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 88,308 shares of the company's stock, valued at approximately $2,814,000. REV Group makes up approximately 2.4% of Seven Six Capital Management LLC's portfolio, making the stock its 21st largest holding. Seven Six Capital Management LLC owned about 0.17% of REV Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in REVG. Hennessy Advisors Inc. lifted its holdings in shares of REV Group by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock worth $14,689,000 after purchasing an additional 29,400 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in REV Group during the fourth quarter valued at about $2,077,000. Aquatic Capital Management LLC bought a new position in REV Group during the fourth quarter valued at about $474,000. Dynamic Technology Lab Private Ltd bought a new position in REV Group during the fourth quarter valued at about $526,000. Finally, Ieq Capital LLC purchased a new stake in shares of REV Group during the fourth quarter valued at $614,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $34.63.

REV Group Stock Performance

Shares of REVG stock traded up $0.10 during mid-day trading on Tuesday, reaching $38.43. The stock had a trading volume of 533,286 shares, compared to its average volume of 697,099. The firm's 50 day simple moving average is $32.80 and its 200 day simple moving average is $32.18. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a one year low of $21.54 and a one year high of $38.78. The firm has a market cap of $1.99 billion, a PE ratio of 8.56 and a beta of 1.12.

REV Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's dividend payout ratio (DPR) is presently 13.48%.

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.