SG Americas Securities LLC Buys 11,391 Shares of REV Group, Inc. (NYSE:REVG)

SG Americas Securities LLC increased its position in REV Group, Inc. (NYSE:REVG - Free Report) by 300.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,181 shares of the company's stock after acquiring an additional 11,391 shares during the quarter. SG Americas Securities LLC's holdings in REV Group were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in shares of REV Group during the 4th quarter valued at $40,000. McIlrath & Eck LLC boosted its stake in REV Group by 31.5% in the 4th 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 purchased a new position in REV Group during the 4th quarter valued at about $202,000. Cerity Partners LLC bought a new stake in shares of REV Group during the fourth quarter valued at about $205,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of REV Group in the fourth quarter worth about $216,000.

Insider Buying and Selling at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the sale, the chief executive officer now directly owns 516,446 shares in the company, valued at $22,635,828.18. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company's stock.

REV Group Price Performance

Shares of NYSE:REVG traded up $0.78 during trading on Friday, reaching $46.50. The company had a trading volume of 1,103,229 shares, compared to its average volume of 717,176. The company has a fifty day moving average of $38.47 and a two-hundred day moving average of $34.32. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.27 billion, a P/E ratio of 24.74 and a beta of 1.12. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $46.73.

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

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, June 27th. REV Group's dividend payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

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

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.