Aster Capital Management DIFC Ltd Buys New Position in REV Group, Inc. (NYSE:REVG)

Aster Capital Management DIFC Ltd purchased a new position in shares of REV Group, Inc. (NYSE:REVG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,833 shares of the company’s stock, valued at approximately $250,000.

Several other hedge funds also recently made changes to their positions in REVG. Envestnet Asset Management Inc. boosted its holdings in REV Group by 96.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,805 shares of the company’s stock worth $567,000 after purchasing an additional 8,741 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in REV Group during the 4th quarter worth about $526,000. Wells Fargo & Company MN boosted its stake in shares of REV Group by 375.1% during the 4th quarter. Wells Fargo & Company MN now owns 97,732 shares of the company’s stock worth $3,115,000 after buying an additional 77,163 shares during the last quarter. Foundry Partners LLC grew its holdings in shares of REV Group by 6.5% in the 4th quarter. Foundry Partners LLC now owns 145,573 shares of the company’s stock valued at $4,639,000 after acquiring an additional 8,836 shares in the last quarter. Finally, Trexquant Investment LP increased its position in shares of REV Group by 307.3% in the fourth quarter. Trexquant Investment LP now owns 76,303 shares of the company’s stock valued at $2,432,000 after acquiring an additional 57,571 shares during the last quarter.

Insider Activity

In related news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the completion of the sale, the chief accounting officer now owns 20,442 shares of the company’s stock, valued at approximately $658,436.82. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

REVG has been the subject of a number of analyst reports. DA Davidson raised their price target on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their target price on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird upped their price target on shares of REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.75.

REV Group Stock Performance

Shares of NYSE REVG opened at $28.70 on Tuesday. 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 capitalization of $1.48 billion, a P/E ratio of 6.39 and a beta of 1.22. REV Group, Inc. has a 12 month low of $20.51 and a 12 month high of $36.00. The stock has a 50 day moving average of $31.82 and a 200-day moving average of $30.89.

REV Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a $0.06 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.84%. REV Group’s dividend payout ratio is currently 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.