SG Capital Management LLC Makes New Investment in REV Group, Inc. (NYSE:REVG)

SG Capital Management LLC purchased a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 257,396 shares of the company's stock, valued at approximately $8,203,000. REV Group comprises about 0.8% of SG Capital Management LLC's investment portfolio, making the stock its 27th largest holding. SG Capital Management LLC owned 0.49% of REV Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $40,000. Pictet Asset Management Holding SA acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $202,000. Cerity Partners LLC acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $205,000. Bridgefront Capital LLC acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $216,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of REV Group in the fourth quarter valued at approximately $220,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut REV Group from an "equal weight" rating to an "underweight" rating and set a $33.00 price objective for the company. in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $34.63.

REV Group Stock Performance

Shares of NYSE REVG traded up $0.09 during trading hours on Monday, reaching $38.33. 622,286 shares of the stock were exchanged, compared to its average volume of 697,904. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. REV Group, Inc. has a 52 week low of $21.54 and a 52 week high of $40.57. The stock's fifty day simple moving average is $32.63 and its 200 day simple moving average is $32.14.

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.63%. REV Group's dividend payout ratio (DPR) is currently 13.48%.

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.