REV Group, Inc. (NYSE:REVG) is Segall Bryant & Hamill LLC's 3rd Largest Position

Segall Bryant & Hamill LLC reduced its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,002,387 shares of the company's stock after selling 194,760 shares during the quarter. REV Group comprises approximately 1.5% of Segall Bryant & Hamill LLC's portfolio, making the stock its 3rd biggest holding. Segall Bryant & Hamill LLC owned approximately 5.81% of REV Group worth $94,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of REVG. KBC Group NV bought a new position in REV Group during the first quarter valued at approximately $33,000. New Age Alpha Advisors LLC bought a new position in REV Group during the fourth quarter valued at approximately $40,000. McIlrath & Eck LLC grew its position in REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after acquiring an additional 344 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in REV Group during the fourth quarter valued at approximately $202,000. Finally, Cerity Partners LLC bought a new position in REV Group during the fourth quarter valued at approximately $205,000.

REV Group Trading Down 0.8%

Shares of REV Group stock traded down $0.36 on Friday, hitting $46.30. The stock had a trading volume of 538,493 shares, compared to its average volume of 677,972. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 24.63 and a beta of 1.17. The stock's 50-day simple moving average is $43.37 and its two-hundred day simple moving average is $36.10. REV Group, Inc. has a one year low of $21.54 and a one year high of $50.34. 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 (NYSE:REVG - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.13. The business had revenue of $629.10 million for the quarter, compared to analysts' expectations of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, sell-side analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.06 dividend. 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 dividend payout ratio (DPR) is currently 12.77%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

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.