Segall Bryant & Hamill LLC Has $94.88 Million Position in REV Group, Inc. (NYSE:REVG)

Segall Bryant & Hamill LLC lessened its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,002,387 shares of the company's stock after selling 194,760 shares during the quarter. REV Group makes up about 1.5% of Segall Bryant & Hamill LLC's portfolio, making the stock its 3rd biggest holding. Segall Bryant & Hamill LLC owned 5.81% of REV Group worth $94,875,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. KBC Group NV acquired a new stake in shares of REV Group during the first quarter worth about $33,000. New Age Alpha Advisors LLC acquired a new stake in shares of REV Group during the fourth quarter worth $40,000. McIlrath & Eck LLC lifted its holdings in shares of REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after purchasing an additional 344 shares during the period. Pictet Asset Management Holding SA acquired a new stake in REV Group in the fourth quarter valued at $202,000. Finally, Cerity Partners LLC purchased a new position in shares of REV Group in the fourth quarter valued at $205,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley raised REV Group from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $33.00 to $46.00 in a research note on Wednesday, June 18th. The Goldman Sachs Group upped their price target on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, DA Davidson increased their price target on REV Group from $39.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.25.

Insider Buying and Selling

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the transaction, the chief executive officer directly owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company's stock.

REV Group Trading Down 1.1%

Shares of REV Group stock traded down $0.52 during trading on Friday, reaching $46.14. 120,625 shares of the company were exchanged, compared to its average volume of 677,166. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $50.34. The business has a 50-day moving average price of $43.18 and a 200-day moving average price of $36.00. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 24.52 and a beta of 1.17.

REV Group (NYSE:REVG - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. The firm had revenue of $629.10 million during the quarter, compared to analysts' expectations of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Sell-side analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, June 27th. REV Group's payout ratio is presently 12.77%.

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.