Sun Sep 15 12:40:54 UTC 2024: ## Institutional Investors Show Growing Interest in REV Group
**New York, NY (MarketBeat News) -** Jupiter Asset Management Ltd. significantly increased its stake in REV Group, Inc. (NYSE: REVG) during the second quarter, according to a recent SEC filing. The firm now owns 18,177 shares, worth $452,000, representing a 50.3% growth in their holdings. This trend of increased interest in REV Group is echoed by other institutional investors.
New York State Teachers Retirement System acquired a new stake in the company in the first quarter, while CWM LLC significantly raised its position by over 500% during the second quarter. Additionally, Virtu Financial LLC, Sandia Investment Management LP, and SG Americas Securities LLC all bought new shares of REV Group in recent quarters.
REV Group designs and manufactures specialty vehicles, including fire trucks, ambulances, and recreational vehicles. The company’s stock opened at $27.64 on Friday, with a market capitalization of $1.44 billion. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57, and a current ratio of 1.85.
REV Group also declared a quarterly dividend of $0.05, payable on October 11th to investors of record on September 27th. This represents an annualized dividend of $0.20 and a yield of 0.72%.
Analysts have mixed opinions on REV Group. DA Davidson reiterated a “buy” rating with a $33.00 target price, while Morgan Stanley initiated coverage with an “equal weight” rating and a $29.50 price objective. StockNews.com downgraded REV Group from “buy” to “hold,” while The Goldman Sachs Group lowered their price target from $22.00 to $25.00 and maintained a “sell” rating.
Overall, the recent activity by institutional investors suggests a growing interest in REV Group. The company’s performance and future prospects remain to be seen, but the influx of investment capital suggests confidence in the company’s potential.
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