Aberdeen Group plc Trims Position in REV Group, Inc. $REVG

Key Points

• Aberdeen Group plc reduced its holdings in REV Group, Inc. by 13.9%, now owning approximately 1.44% of the company worth $33,441,000.
• The company's stock recently had a price target increase, with analysts Raising their price objectives to values between $55.00 and $68.00, indicating a consensus of a 'Moderate Buy' rating.
• REV Group also announced a quarterly dividend of $0.06, with an annualized yield of 0.4% and a payout ratio of 11.32%.

Aberdeen Group plc decreased its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 702,684 shares of the company's stock after selling 113,643 shares during the period. Aberdeen Group plc owned approximately 1.44% of REV Group worth $33,441,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in REV Group during the 1st quarter worth approximately $33,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of REV Group during the first quarter worth approximately $54,000. New Age Alpha Advisors LLC raised its stake 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 purchasing an additional 899 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of REV Group during the second quarter worth $193,000. Finally, Longboard Asset Management LP purchased a new position in REV Group in the 2nd quarter valued at $221,000.

Wall Street Analyst Weigh In

REVG has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Zacks Research raised shares of REV Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Robert W. Baird raised their price objective on shares of REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Morgan Stanley set a $64.00 price objective on REV Group in a report on Tuesday, September 9th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of REV Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, REV Group has an average rating of "Moderate Buy" and an average price target of $56.50.

REV Group Trading Down 3.7%

Shares of REV Group stock opened at $54.63 on Monday. REV Group, Inc. has a 1 year low of $25.76 and a 1 year high of $64.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The business has a 50 day moving average price of $55.56 and a 200 day moving average price of $45.32. The company has a market capitalization of $2.67 billion, a P/E ratio of 25.77 and a beta of 1.16.

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

REV Group Announces Dividend

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

About REV Group

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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