Dynamic Technology Lab Private Ltd Takes $526,000 Position in REV Group, Inc. (NYSE:REVG)

Dynamic Technology Lab Private Ltd acquired a new position in shares of REV Group, Inc. (NYSE:REVG) in the 4th quarter, Holdings Channel reports. The fund acquired 16,520 shares of the company’s stock, valued at approximately $526,000.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its position in REV Group by 15.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock worth $36,621,000 after acquiring an additional 173,759 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of REV Group by 249.5% in the fourth quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company’s stock worth $6,102,000 after purchasing an additional 136,700 shares in the last quarter. Stifel Financial Corp boosted its holdings in REV Group by 40.4% during the third quarter. Stifel Financial Corp now owns 308,423 shares of the company’s stock worth $8,654,000 after purchasing an additional 88,798 shares during the last quarter. Wells Fargo & Company MN grew its position in REV Group by 375.1% in the fourth quarter. Wells Fargo & Company MN now owns 97,732 shares of the company’s stock valued at $3,115,000 after purchasing an additional 77,163 shares in the last quarter. Finally, Barclays PLC grew its position in REV Group by 355.5% in the third quarter. Barclays PLC now owns 89,619 shares of the company’s stock valued at $2,515,000 after purchasing an additional 69,946 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a research note on Thursday, December 12th. DA Davidson increased their price target on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Robert W. Baird boosted their price target on REV Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.75.

REV Group Stock Down 1.9 %

Shares of REVG stock opened at $28.70 on Tuesday. REV Group, Inc. has a 52-week low of $20.51 and a 52-week high of $36.00. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 6.39 and a beta of 1.22. The firm’s 50-day moving average is $31.82 and its 200-day moving average is $30.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, March 28th. REV Group’s dividend payout ratio (DPR) is presently 13.48%.

Insider Activity at REV Group

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $32.21, for a total value of $146,007.93. Following the transaction, the chief accounting officer now directly owns 20,442 shares in the company, valued at $658,436.82. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by company insiders.

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.