REV Group, Inc. (NYSE:REVG) Stock Holdings Decreased by Driehaus Capital Management LLC
Driehaus Capital Management LLC reduced its stake in REV Group, Inc. (NYSE:REVG) by 9.9% in Q4, now holding 776,037 shares valued at $24.7 million. Other hedge funds also adjusted their positions. Morgan Stanley downgraded REV Group to "underweight" with a $33 price target. The stock currently trades at $35.77, with a market cap of $1.85 billion and a P/E ratio of 7.97. REV Group recently declared a quarterly dividend of $0.06 per share, yielding 0.67%.
Driehaus Capital Management LLC lowered its position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 776,037 shares of the company's stock after selling 85,497 shares during the quarter. Driehaus Capital Management LLC owned 1.49% of REV Group worth $24,732,000 as of its most recent SEC filing.
- Rev Up Your Portfolio: 3 Hot RV Stocks to Watch in 2025
Other hedge funds have also made changes to their positions in the company. Hennessy Advisors Inc. lifted its holdings in shares of REV Group by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company's stock valued at $14,689,000 after purchasing an additional 29,400 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in REV Group in the 4th quarter worth about $2,077,000. Aquatic Capital Management LLC acquired a new stake in REV Group during the 4th quarter worth about $474,000. Dynamic Technology Lab Private Ltd purchased a new position in REV Group during the 4th quarter valued at about $526,000. Finally, Ieq Capital LLC acquired a new position in shares of REV Group in the 4th quarter valued at about $614,000.
Analysts Set New Price Targets
Separately, Morgan Stanley cut shares of REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price target for the company. in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, REV Group currently has an average rating of "Hold" and a consensus price target of $34.63.
- Is REV Group’s Pullback Your Chance to Buy Before the Next Surge?
Check Out Our Latest Stock Analysis on REV Group
REV Group Trading Up 0.6 %
NYSE:REVG opened at $35.77 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 7.97 and a beta of 1.12. The stock's 50 day moving average price is $31.52 and its 200 day moving average price is $31.55. 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, Inc. has a 52 week low of $21.54 and a 52 week high of $36.06.
REV Group Announces Dividend
- REV Group, Inc. Stock Doubles in 12 Months, Will It Double Again?
The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.67%. REV Group's dividend payout ratio (DPR) is 13.48%.
REV Group Company Profile
(Free Report)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.
Read More
- Five stocks we like better than REV Group
- How to Invest in the FAANG Stocks
- IBM's AI Offensive: Assessing IBM's Path to Renewed Growth
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Rockwell Automation: Tailwinds From Onshoring U.S. Production
- What Are Dividend Achievers? An Introduction
- Is Energy Transfer Undervalued or a Value Trap?
Want to see what other hedge funds are holding REVG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for REV Group, Inc. (NYSE:REVG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in REV Group Right Now?
Before you consider REV Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and REV Group wasn't on the list.
While REV Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
