Voya Investment Management LLC Decreases Stock Position in REV Group, Inc. (NYSE:REVG)

Voya Investment Management LLC lessened its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,134 shares of the company's stock after selling 18,574 shares during the quarter. Voya Investment Management LLC owned 0.42% of REV Group worth $6,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

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

REV Group Stock Up 4.8 %

REVG traded up $1.59 during trading on Friday, reaching $35.06. The stock had a trading volume of 633,709 shares, compared to its average volume of 699,174. REV Group, Inc. has a one year low of $21.54 and a one year high of $36.00. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 7.81 and a beta of 1.12. 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's 50 day moving average is $31.06 and its two-hundred day moving average is $31.38.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.68%. REV Group's payout ratio is presently 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.