Arrowstreet Capital Limited Partnership Makes New $289,000 Investment in REV Group, Inc. (NYSE:REVG)

Arrowstreet Capital Limited Partnership acquired a new stake in REV Group, Inc. (NYSE:REVG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,078 shares of the company’s stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in REV Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company’s stock valued at $166,965,000 after acquiring an additional 39,323 shares during the period. Geode Capital Management LLC lifted its position in shares of REV Group by 15.4% during the third quarter. Geode Capital Management LLC now owns 1,304,865 shares of the company’s stock worth $36,621,000 after purchasing an additional 173,759 shares in the last quarter. State Street Corp boosted its stake in shares of REV Group by 3.3% in the third quarter. State Street Corp now owns 1,089,130 shares of the company’s stock valued at $30,615,000 after purchasing an additional 35,066 shares during the period. Hennessy Advisors Inc. grew 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. Finally, JPMorgan Chase & Co. increased its stake in REV Group by 249.5% during the 4th quarter. JPMorgan Chase & Co. now owns 191,481 shares of the company’s stock worth $6,102,000 after buying an additional 136,700 shares during the period.

REV Group Stock Performance

Shares of REVG stock opened at $32.00 on Monday. The firm has a 50 day moving average of $31.42 and a two-hundred day moving average of $31.00. The stock has a market capitalization of $1.65 billion, a PE ratio of 7.13 and a beta of 1.22. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 52 week low of $20.51 and a 52 week high of $36.00.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a $0.06 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. REV Group’s dividend payout ratio (DPR) is presently 13.48%.

About REV Group

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.