Aster Capital Management DIFC Ltd Invests $250,000 in REV Group, Inc. (NYSE:REVG)

Aster Capital Management DIFC Ltd purchased a new stake in REV Group, Inc. (NYSE:REVG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,833 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in shares of REV Group in the 4th quarter valued at $40,000. Pictet Asset Management Holding SA acquired a new stake in REV Group in the fourth quarter worth about $202,000. RD Lewis Holdings Inc. bought a new stake in REV Group during the 4th quarter worth about $228,000. Planning Center Inc. acquired a new position in REV Group during the 4th quarter valued at about $223,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of REV Group in the 4th quarter valued at about $289,000.

Wall Street Analyst Weigh In

REVG has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target 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. Robert W. Baird increased their price target on REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, DA Davidson lifted their price objective on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, REV Group has a consensus rating of “Hold” and a consensus price target of $33.75.

Insider Buying and Selling at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

REV Group Trading Down 1.9 %

Shares of NYSE REVG opened at $28.70 on Tuesday. REV Group, Inc. has a twelve month low of $20.51 and a twelve month 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 company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average is $31.82 and its 200-day moving average is $30.89.

REV Group Dividend Announcement

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