111 Capital Makes New Investment in REV Group, Inc. $REVG

Key Points

• 111 Capital has entered a new investment in REV Group, Inc. (NYSE: REVG), acquiring 5,745 shares valued at approximately $273,000 during the 2nd quarter.
• REV Group has recently been rated a "strong-buy" by Zacks Research and has an average target price increase from analysts, now ranging around $56.50.
• The company reported a net income increase with $0.79 EPS for the last quarter, surpassing forecasts and marking a revenue growth of 11.3% year-over-year.

111 Capital purchased a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,745 shares of the company's stock, valued at approximately $273,000.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC acquired a new position in REV Group during the fourth quarter valued at approximately $513,000. GAMMA Investing LLC boosted its holdings in shares of REV Group by 3,639.5% during the 1st quarter. GAMMA Investing LLC now owns 13,051 shares of the company's stock worth $413,000 after buying an additional 12,702 shares during the period. Rhumbline Advisers grew its stake in REV Group by 5.7% in the 1st quarter. Rhumbline Advisers now owns 75,180 shares of the company's stock valued at $2,376,000 after buying an additional 4,050 shares during the last quarter. Toth Financial Advisory Corp raised its holdings in REV Group by 10.9% in the 1st quarter. Toth Financial Advisory Corp now owns 28,920 shares of the company's stock worth $914,000 after acquiring an additional 2,850 shares during the period. Finally, SG Americas Securities LLC raised its holdings in REV Group by 300.6% in the 1st quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock worth $480,000 after acquiring an additional 11,391 shares during the period.

Wall Street Analyst Weigh In

REVG has been the topic of several research analyst reports. Zacks Research raised REV Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of REV Group in a report on Saturday, September 27th. Morgan Stanley set a $64.00 price target on REV Group in a report on Tuesday, September 9th. Robert W. Baird increased their price target on shares of REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Finally, DA Davidson lifted their target price on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $56.50.

REV Group Stock Performance

NYSE REVG opened at $53.44 on Tuesday. The stock has a market cap of $2.61 billion, a P/E ratio of 25.21 and a beta of 1.16. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. REV Group, Inc. has a twelve month low of $25.76 and a twelve month high of $64.47. The company's 50-day simple moving average is $55.02 and its 200 day simple moving average is $44.70.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.16. The company had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The company's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. REV Group's dividend payout ratio is presently 11.32%.

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.

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