Oberweis Asset Management Inc. Acquires 7,800 Shares of REV Group, Inc. (NYSE:REVG)

Oberweis Asset Management Inc. boosted its holdings in shares of REV Group, Inc. (NYSE:REVG) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,600 shares of the company’s stock after purchasing an additional 7,800 shares during the quarter. Oberweis Asset Management Inc.’s holdings in REV Group were worth $4,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REVG. New Age Alpha Advisors LLC bought a new stake in shares of REV Group in the fourth quarter valued at approximately $40,000. Pictet Asset Management Holding SA acquired a new stake in REV Group in the 4th quarter worth $202,000. Cerity Partners LLC bought a new position in shares of REV Group during the 4th quarter worth about $205,000. Planning Center Inc. acquired a new position in shares of REV Group during the fourth quarter valued at about $223,000. Finally, RD Lewis Holdings Inc. bought a new stake in shares of REV Group in the fourth quarter valued at about $228,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 price target on the stock. in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.63.

REV Group Price Performance

Shares of REVG stock opened at $32.25 on Friday. The stock’s fifty day simple moving average is $30.95 and its 200 day simple moving average is $31.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. REV Group, Inc. has a one year low of $21.13 and a one year high of $36.00. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 7.18 and a beta of 1.22.

REV Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.74%. REV Group’s dividend payout ratio (DPR) 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.