SG Americas Securities LLC Lowers Stock Position in REV Group, Inc. $REVG

SG Americas Securities LLC reduced its position in shares of REV Group, Inc. (NYSE:REVG) by 93.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,895 shares of the company’s stock after selling 66,419 shares during the period. SG Americas Securities LLC’s holdings in REV Group were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of REV Group by 11.2% during the 2nd quarter. State Street Corp now owns 1,345,451 shares of the company’s stock worth $64,108,000 after buying an additional 135,875 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of REV Group by 338.2% during the second quarter. Neuberger Berman Group LLC now owns 970,595 shares of the company’s stock valued at $46,191,000 after acquiring an additional 749,113 shares during the last quarter. American Century Companies Inc. lifted its holdings in REV Group by 46.7% during the second quarter. American Century Companies Inc. now owns 944,647 shares of the company’s stock worth $44,956,000 after acquiring an additional 300,793 shares during the period. Bragg Financial Advisors Inc boosted its position in REV Group by 52.7% in the second quarter. Bragg Financial Advisors Inc now owns 562,270 shares of the company’s stock worth $26,758,000 after purchasing an additional 193,962 shares during the last quarter. Finally, LSV Asset Management grew its stake in REV Group by 36.9% in the 2nd quarter. LSV Asset Management now owns 451,667 shares of the company’s stock valued at $21,495,000 after purchasing an additional 121,756 shares during the period.

REV Group Stock Performance

REV Group stock opened at $67.97 on Wednesday. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $69.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.49 and a current ratio of 1.51. The stock has a market cap of $3.32 billion, a P/E ratio of 35.59 and a beta of 1.14. The firm’s fifty day moving average price is $60.78 and its 200-day moving average price is $56.54.

REV Group (NYSE:REVG) last issued its earnings results on Wednesday, December 10th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.05. REV Group had a return on equity of 31.67% and a net margin of 3.86%.The business had revenue of $664.40 million during the quarter, compared to analyst estimates of $646.77 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. REV Group’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 24th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 24th. REV Group’s payout ratio is 12.57%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on REVG shares. Robert W. Baird reiterated a “neutral” rating and issued a $55.00 price objective (down previously from $64.00) on shares of REV Group in a research note on Monday, December 1st. DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $68.00 to $57.00 in a research report on Friday, October 31st. Morgan Stanley set a $55.00 price objective on REV Group in a report on Tuesday, November 4th. Zacks Research raised shares of REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of REV Group in a research report on Wednesday, December 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.25.

About REV Group

REV Group, Inc (NYSE: REVG) is a diversified manufacturer of specialty vehicles serving public safety, healthcare, transportation and recreation markets. The company designs, engineers and produces a broad range of products, including fire and emergency apparatus, transit and shuttle buses, work trucks, ambulances and recreational vehicles. Through its integrated platform, REV Group combines engineering expertise with customer-focused assembly to deliver purpose-built solutions that meet the exact specifications of fleet operators, municipalities and individual consumers.

The company’s product portfolio is organized into three primary segments.