Dark Forest Capital Management LP Purchases 935 Shares of REV Group, Inc. (NYSE:REVG)

Dark Forest Capital Management LP boosted its holdings in shares of REV Group, Inc. (NYSE:REVG) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,427 shares of the company’s stock after acquiring an additional 935 shares during the quarter. Dark Forest Capital Management LP’s holdings in REV Group were worth $332,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in shares of REV Group by 9.1% in the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock valued at $261,000 after purchasing an additional 682 shares during the last quarter. Franklin Resources Inc. raised its holdings in REV Group by 0.8% during the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock valued at $2,776,000 after buying an additional 766 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of REV Group by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company’s stock worth $978,000 after acquiring an additional 859 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of REV Group by 1.4% during the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company’s stock valued at $2,267,000 after acquiring an additional 1,000 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of REV Group in the 4th quarter valued at approximately $40,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley downgraded shares of REV Group from an “equal weight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, REV Group presently has a consensus rating of “Hold” and an average price target of $34.63.

REV Group Stock Performance

Shares of REV Group stock opened at $32.27 on Monday. REV Group, Inc. has a 52-week low of $21.13 and a 52-week high of $36.00. The firm has a market capitalization of $1.67 billion, a PE ratio of 7.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.72 and a quick ratio of 0.43. The company’s fifty day moving average price is $30.90 and its two-hundred day moving average price is $31.24.

REV Group Announces Dividend

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 $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, March 28th. REV Group’s dividend payout ratio (DPR) is presently 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.