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

SG Capital Management LLC acquired a new stake in shares of REV Group, Inc. (NYSE:REVG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 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 position. SG Capital Management LLC owned 0.49% of REV Group as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of REV Group by 9.1% during the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock worth $261,000 after acquiring an additional 682 shares in the last quarter. Franklin Resources Inc. raised its stake in REV Group by 0.8% during the third quarter. Franklin Resources Inc. now owns 99,636 shares of the company’s stock valued at $2,776,000 after purchasing an additional 766 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of REV Group by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 30,700 shares of the company’s stock worth $978,000 after buying an additional 859 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in shares of REV Group by 9.9% in the 4th quarter. Dark Forest Capital Management LP now owns 10,427 shares of the company’s stock worth $332,000 after buying an additional 935 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of REV Group by 1.4% during the 4th quarter. Rhumbline Advisers now owns 71,130 shares of the company’s stock valued at $2,267,000 after buying an additional 1,000 shares in the last quarter.

REV Group Trading Down 0.0%

Shares of REVG opened at $37.83 on Friday. REV Group, Inc. has a twelve month low of $21.54 and a twelve month high of $38.69. The company has a market cap of $1.95 billion, a P/E ratio of 8.43 and a beta of 1.12. The company has a current ratio of 1.72, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $32.34 and its 200-day simple moving average is $31.91.

REV Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, March 28th. This represents a $0.24 annualized dividend and a yield of 0.63%. REV Group’s payout ratio is 13.48%.

Analyst Upgrades and Downgrades

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

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.