Aberdeen Group plc Makes New 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 purchased a new stake in REV Group, Inc. (NYSE:REVG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 816,327 shares of the company's stock, valued at approximately $25,796,000. Aberdeen Group plc owned 1.58% of REV Group at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV bought a new stake in shares of REV Group during the 1st quarter valued at about $33,000. McIlrath & Eck LLC boosted its position in shares of REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after purchasing an additional 344 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in shares of REV Group by 71.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock valued at $68,000 after buying an additional 899 shares during the period. Cerity Partners LLC bought a new stake in REV Group in the 4th quarter valued at about $205,000. Finally, Bridgefront Capital LLC acquired a new position in REV Group during the 4th quarter worth approximately $216,000.

Analyst Upgrades and Downgrades

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

REV Group Stock Performance

REVG stock traded up $1.5410 during mid-day trading on Friday, hitting $52.0410. The company had a trading volume of 661,693 shares, compared to its average volume of 696,958. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66. The firm has a market cap of $2.54 billion, a PE ratio of 27.68 and a beta of 1.18. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $53.74. The stock's fifty day moving average price is $48.31 and its two-hundred day moving average price is $38.78.

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

REV Group Announces Dividend

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

Insider Buying and Selling at REV Group

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