SG Americas Securities LLC Sells 9,866 Shares of REV Group, Inc. (NYSE:REVG)

SG Americas Securities LLC lessened its position in REV Group, Inc. (NYSE:REVG) by 72.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,790 shares of the company’s stock after selling 9,866 shares during the quarter. SG Americas Securities LLC’s holdings in REV Group were worth $121,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hennessy Advisors Inc. raised its holdings in REV Group by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 460,900 shares of the company’s stock worth $14,689,000 after acquiring an additional 29,400 shares during the period. FMR LLC raised its holdings in REV Group by 68.3% in the 3rd quarter. FMR LLC now owns 6,173,446 shares of the company’s stock worth $173,227,000 after acquiring an additional 2,504,568 shares during the period. Anthracite Investment Company Inc. bought a new position in REV Group in the 3rd quarter worth $6,334,000. Principal Financial Group Inc. raised its holdings in REV Group by 151.4% in the 3rd quarter. Principal Financial Group Inc. now owns 50,252 shares of the company’s stock worth $1,410,000 after acquiring an additional 30,262 shares during the period. Finally, Barclays PLC raised its holdings in REV Group by 355.5% in the 3rd quarter. Barclays PLC now owns 89,619 shares of the company’s stock worth $2,515,000 after acquiring an additional 69,946 shares during the period.

REV Group Stock Performance

NYSE:REVG opened at $32.76 on Wednesday. The firm’s 50-day moving average is $33.01 and its 200-day moving average is $30.13. REV Group, Inc. has a 52-week low of $16.00 and a 52-week high of $36.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.72. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 7.30 and a beta of 1.60.

REV Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a dividend of $0.06 per share. This is a positive change from REV Group’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, December 26th. REV Group’s payout ratio is 5.35%.

Insider Activity

In other news, CAO Joseph Ladue sold 4,533 shares of REV Group stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $32.21, for a total transaction of $146,007.93. Following the sale, the chief accounting officer now directly owns 20,442 shares in the company, valued at approximately $658,436.82. The trade was a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.