SG Americas Securities LLC Purchases 34,469 Shares of REV Group, Inc. $REVG

SG Americas Securities LLC grew its position in shares of REV Group, Inc. (NYSE:REVG) by 704.2% in the fourth quarter, HoldingsChannel reports. The fund owned 39,364 shares of the company’s stock after acquiring an additional 34,469 shares during the period. SG Americas Securities LLC’s holdings in REV Group were worth $2,394,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of REV Group in the third quarter worth $1,221,000. Lisanti Capital Growth LLC grew its position in REV Group by 122.5% in the third quarter. Lisanti Capital Growth LLC now owns 79,182 shares of the company’s stock valued at $4,487,000 after purchasing an additional 43,587 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. acquired a new stake in REV Group in the 3rd quarter valued at $5,625,000. Virtue Capital Management LLC bought a new stake in REV Group during the 3rd quarter worth about $942,000. Finally, Counterpoint Mutual Funds LLC raised its holdings in REV Group by 448.4% during the third quarter. Counterpoint Mutual Funds LLC now owns 49,585 shares of the company’s stock worth $2,810,000 after acquiring an additional 40,544 shares in the last quarter.

REV Group Stock Performance

NYSE:REVG opened at $63.90 on Friday. The stock’s 50-day moving average is $64.08 and its 200-day moving average is $60.30. REV Group, Inc. has a 1-year low of $26.51 and a 1-year high of $69.92. The company has a current ratio of 1.51, a quick ratio of 0.49 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.12 billion, a P/E ratio of 33.46 and a beta of 1.14.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of REV Group in a report on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, REV Group currently has an average rating of “Hold” and a consensus target price 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.