Segall Bryant & Hamill LLC Cuts Holdings in REV Group, Inc. (NYSE:REVG)

Segall Bryant & Hamill LLC cut its holdings in REV Group, Inc. (NYSE:REVG) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,197,147 shares of the company’s stock after selling 470,804 shares during the period. REV Group makes up approximately 1.4% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 3rd biggest position. Segall Bryant & Hamill LLC owned approximately 6.14% of REV Group worth $101,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REVG. Prudential Financial Inc. bought a new stake in shares of REV Group in the 4th quarter valued at $1,877,000. Vanguard Group Inc. increased its stake in REV Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,238,928 shares of the company’s stock valued at $166,965,000 after purchasing an additional 39,323 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of REV Group during the fourth quarter valued at about $364,000. American Century Companies Inc. boosted its position in shares of REV Group by 29.2% during the 4th quarter. American Century Companies Inc. now owns 144,526 shares of the company’s stock worth $4,606,000 after purchasing an additional 32,651 shares in the last quarter. Finally, RD Lewis Holdings Inc. acquired a new stake in shares of REV Group in the 4th quarter valued at about $228,000.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on REVG shares. DA Davidson increased their price target on REV Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group increased their target price on REV Group from $25.00 to $28.50 and gave the stock a “sell” rating in a report on Thursday, December 12th. Finally, Robert W. Baird lifted their price target on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.75.

Insider Transactions at REV Group

In other news, CAO Joseph Ladue sold 4,533 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $32.21, for a total value of $146,007.93. Following the transaction, the chief accounting officer now owns 20,442 shares in the company, valued at $658,436.82. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

REV Group Stock Performance

Shares of REV Group stock opened at $32.36 on Tuesday. The company has a market cap of $1.67 billion, a PE ratio of 7.21 and a beta of 1.56. The company has a quick ratio of 0.43, a current ratio of 1.72 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 52 week low of $18.51 and a 52 week high of $36.00. The business has a 50 day moving average price of $32.35 and a 200-day moving average price of $30.57.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, March 28th. REV Group’s dividend payout ratio is 13.48%.

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.