Dynamic Technology Lab Private Ltd Makes New $526,000 Investment in REV Group, Inc. (NYSE:REVG)

Dynamic Technology Lab Private Ltd acquired a new stake in REV Group, Inc. (NYSE:REVG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 16,520 shares of the company’s stock, valued at approximately $526,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in REV Group by 10.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,977 shares of the company’s stock valued at $336,000 after acquiring an additional 1,171 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of REV Group by 39.5% in the 3rd quarter. HighTower Advisors LLC now owns 69,657 shares of the company’s stock valued at $1,957,000 after purchasing an additional 19,722 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of REV Group by 40.4% in the 3rd quarter. Stifel Financial Corp now owns 308,423 shares of the company’s stock valued at $8,654,000 after purchasing an additional 88,798 shares during the last quarter. State Street Corp grew its position in shares of REV Group by 3.3% during the 3rd quarter. State Street Corp now owns 1,089,130 shares of the company’s stock worth $30,615,000 after buying an additional 35,066 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of REV Group during the third quarter worth approximately $277,000.

REV Group Trading Down 1.9 %

REVG opened at $28.70 on Tuesday. The firm’s fifty day moving average is $31.82 and its two-hundred day moving average is $30.89. The firm has a market cap of $1.48 billion, a PE ratio of 6.39 and a beta of 1.22. REV Group, Inc. has a twelve month low of $20.51 and a twelve month high of $36.00. 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 Announces Dividend

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

Insiders Place Their Bets

In other REV Group news, CAO Joseph Ladue sold 4,533 shares of the firm’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 transaction of $146,007.93. Following the sale, the chief accounting officer now directly owns 20,442 shares in the company, valued at approximately $658,436.82. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

REVG has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective 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. Robert W. Baird raised 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. Finally, DA Davidson upped their price objective on REV Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.75.

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.