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

SG Americas Securities LLC raised its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 300.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,181 shares of the company's stock after buying an additional 11,391 shares during the quarter. SG Americas Securities LLC's holdings in REV Group were worth $480,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in REVG. 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 increased its stake 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 valued at $46,000 after purchasing an additional 344 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in shares of REV Group during the fourth quarter valued at approximately $202,000. Cerity Partners LLC bought a new stake in shares of REV Group in the 4th quarter worth approximately $205,000. Finally, Bridgefront Capital LLC bought a new position in REV Group during the 4th quarter valued at approximately $216,000.

Analyst Ratings Changes

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

Insider Activity

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.83, for a total value of $4,058,701.83. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.70% of the company's stock.

REV Group Stock Performance

REV Group stock traded up $0.21 during mid-day trading on Tuesday, reaching $44.61. 286,874 shares of the stock traded hands, compared to its average volume of 691,971. The stock has a market capitalization of $2.18 billion, a PE ratio of 23.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. The business's 50-day moving average is $37.60 and its 200-day moving average is $34.06. REV Group, Inc. has a 12-month low of $21.54 and a 12-month high of $46.74.

REV Group (NYSE:REVG - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.13. The company had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period 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 fiscal year.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 27th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.54%. REV Group's payout ratio is currently 12.77%.

REV Group Company 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.