Sherbrooke Park Advisers LLC Invests $527,000 in REV Group, Inc. (NYSE:REVG)

Sherbrooke Park Advisers LLC purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,539 shares of the company's stock, valued at approximately $527,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position in REV Group by 355.5% during the 3rd quarter. Barclays PLC now owns 89,619 shares of the company's stock worth $2,515,000 after purchasing an additional 69,946 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of REV Group by 0.8% in the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company's stock valued at $2,776,000 after buying an additional 766 shares during the period. Hennessy Advisors Inc. increased its stake in shares of REV Group by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after buying an additional 29,400 shares during the period. Ellsworth Advisors LLC bought a new position in shares of REV Group during the fourth quarter worth about $681,000. Finally, Janney Montgomery Scott LLC raised its position in shares of REV Group by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company's stock worth $978,000 after acquiring an additional 859 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 target price on the stock. in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $34.63.

REV Group Trading Down 2.5%

REVG traded down $0.96 during trading on Wednesday, reaching $37.54. 389,990 shares of the stock traded hands, compared to its average volume of 695,875. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average is $32.80 and its 200 day moving average is $32.18. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $38.78. The stock has a market capitalization of $1.94 billion, a PE ratio of 8.36 and a beta of 1.12.

REV Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Friday, March 28th. REV Group's dividend payout ratio is 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.