Tudor Investment Corp ET AL Takes $741,000 Position in REV Group, Inc. (NYSE:REVG)

Tudor Investment Corp ET AL purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,245 shares of the company's stock, valued at approximately $741,000.

Other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in shares of REV Group in the fourth quarter worth $40,000. Pictet Asset Management Holding SA bought a new position in REV Group in the 4th quarter worth $202,000. Cerity Partners LLC purchased a new stake in REV Group in the 4th quarter worth $205,000. RD Lewis Holdings Inc. bought a new stake in REV Group during the fourth quarter valued at about $228,000. Finally, Planning Center Inc. purchased a new position in shares of REV Group in the fourth quarter valued at about $223,000.

Analyst Ratings Changes

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

REV Group Price Performance

REVG traded up $0.98 during trading on Tuesday, hitting $38.34. 157,749 shares of the company traded hands, compared to its average volume of 691,998. 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 company has a market cap of $1.98 billion, a PE ratio of 8.54 and a beta of 1.12. The stock's 50-day simple moving average is $31.89 and its two-hundred day simple moving average is $31.75. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $38.53.

REV Group Announces Dividend

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

About REV Group

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.