Aberdeen Group plc Makes New $25.80 Million Investment in REV Group, Inc. $REVG

Key Points

• Aberdeen Group plc has invested approximately $25.80 million in REV Group, acquiring 816,327 shares, bringing its total ownership to 1.58% of the company.
• REV Group's CEO, Jr. Mark A. Skonieczny, recently sold 92,601 shares valued at over $4 million, resulting in a 15.20% decrease in his ownership stake.
• Analysts have set a consensus target price of $42.25 for REV Group, with varying ratings including "buy," "hold," and "sell" from different firms.

Aberdeen Group plc acquired a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 816,327 shares of the company's stock, valued at approximately $25,796,000. Aberdeen Group plc owned 1.58% of REV Group as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. KBC Group NV purchased a new stake in shares of REV Group during the first quarter worth $33,000. McIlrath & Eck LLC grew its holdings in shares of REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after buying an additional 344 shares in the last quarter. New Age Alpha Advisors LLC grew its holdings in shares of REV Group by 71.0% during the first quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock worth $68,000 after buying an additional 899 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of REV Group during the fourth quarter worth $205,000. Finally, Bridgefront Capital LLC purchased a new stake in shares of REV Group during the fourth quarter worth $216,000.

REV Group Trading Up 3.5%

Shares of REVG traded up $1.7430 during mid-day trading on Friday, reaching $52.2430. The stock had a trading volume of 1,006,453 shares, compared to its average volume of 598,305. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $53.74. The business's fifty day moving average is $48.47 and its 200 day moving average is $38.94. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 27.79 and a beta of 1.18.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The firm had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. REV Group's quarterly revenue was up 2.0% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, June 27th. REV Group's dividend payout ratio (DPR) is 12.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on REVG shares. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. The Goldman Sachs Group upped their target price on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. Finally, DA Davidson upped their price objective on shares of REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $42.25.

Insiders Place Their Bets

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the transaction, the chief executive officer owned 516,446 shares of the company's stock, valued at $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

REV Group Company 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.