REV Group, Inc. (NYSE:REVG) is Segall Bryant & Hamill LLC’s 3rd Largest Position

Segall Bryant & Hamill LLC trimmed its stake in REV Group, Inc. (NYSE:REVG) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,197,147 shares of the company’s stock after selling 470,804 shares during the quarter. REV Group makes up 1.4% of Segall Bryant & Hamill LLC’s holdings, making the stock its 3rd biggest position. Segall Bryant & Hamill LLC owned approximately 0.06% of REV Group worth $101,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of REVG. Prudential Financial Inc. bought a new stake in shares of REV Group in the 4th quarter worth approximately $1,877,000. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 39,323 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of REV Group during the 4th quarter valued at $364,000. American Century Companies Inc. grew its stake 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 acquiring an additional 32,651 shares during the period. Finally, RD Lewis Holdings Inc. purchased a new stake in REV Group in the 4th quarter worth about $228,000.

Insider Activity

In other news, CAO Joseph Ladue sold 4,533 shares of the stock in a transaction on Monday, January 13th. The shares were 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 of the company’s stock, valued at $658,436.82. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on REVG shares. Robert W. Baird upped their price objective on shares of REV Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. DA Davidson raised their price objective 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. Finally, The Goldman Sachs Group lifted their price objective on shares of REV Group from $25.00 to $28.50 and gave the company a “sell” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, REV Group has an average rating of “Hold” and a consensus price target of $33.75.

REV Group Trading Up 2.7 %

Shares of REV Group stock opened at $32.36 on Tuesday. The company’s 50-day moving average price is $32.35 and its 200-day moving average price is $30.57. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. REV Group, Inc. has a 12-month low of $18.51 and a 12-month high of $36.00. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 7.21 and a beta of 1.56.

REV Group Announces Dividend

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