Engineers Gate Manager LP acquired a new position in Rev Group Inc (NYSE:REVG) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 42,738 shares of the company’s stock, valued at approximately $1,390,000.

A number of other institutional investors and hedge funds have also made changes to their positions in REVG. Envestnet Asset Management Inc. purchased a new stake in Rev Group in the third quarter worth about $128,000. Private Advisor Group LLC purchased a new stake in Rev Group in the third quarter worth about $224,000. Bluestein R H & Co. purchased a new stake in Rev Group in the third quarter worth about $230,000. Virtu KCG Holdings LLC purchased a new stake in Rev Group in the second quarter worth about $249,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Rev Group during the second quarter valued at approximately $268,000. Institutional investors and hedge funds own 26.57% of the company’s stock.

Shares of Rev Group Inc (NYSE REVG) opened at $27.21 on Friday. Rev Group Inc has a fifty-two week low of $23.38 and a fifty-two week high of $33.15. The company has a current ratio of 1.77, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. The company has a market cap of $1,688.42 and a P/E ratio of 30.78.

Rev Group (NYSE:REVG) last issued its earnings results on Tuesday, December 19th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Rev Group had a return on equity of 12.17% and a net margin of 1.38%. The company had revenue of $683.90 million during the quarter, compared to analysts’ expectations of $705.73 million. The business’s quarterly revenue was up 25.5% compared to the same quarter last year. sell-side analysts forecast that Rev Group Inc will post 1.75 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, January 26th will be issued a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, January 25th. Rev Group’s dividend payout ratio is currently 142.86%.

REVG has been the topic of a number of recent analyst reports. SunTrust Banks initiated coverage on shares of Rev Group in a report on Friday, November 17th. They set a “buy” rating and a $33.00 price target on the stock. Zacks Investment Research cut shares of Rev Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Stifel Nicolaus set a $36.00 price target on shares of Rev Group and gave the company a “buy” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $33.70.

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Rev Group Company Profile

REV Group, Inc is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. The Company operates through three segments: Fire & Emergency, Commercial and Recreation. The Company provides customized vehicle solutions for applications, including essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (RVs) and luxury buses).

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Institutional Ownership by Quarter for Rev Group (NYSE:REVG)

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