AQR Capital Management LLC Has $10.85 Million Stake in REV Group, Inc. $REVG

Key Points

• AQR Capital Management LLC has reduced its stake in REV Group, Inc. by 12.0%, now holding approximately 0.66% of the company valued at $10.85 million.
• REV Group's recent earnings report showed $0.79 earnings per share, surpassing expectations and reflecting a 11.3% revenue increase year-over-year.
• The company's stock has received mixed ratings from analysts, with target prices set between $46.00 and $68.00, while it holds a consensus rating of "Hold".

AQR Capital Management LLC trimmed its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 12.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 343,468 shares of the company's stock after selling 46,690 shares during the period. AQR Capital Management LLC owned about 0.66% of REV Group worth $10,854,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of REVG. Baird Financial Group Inc. lifted its holdings in shares of REV Group by 15.4% during the 1st quarter. Baird Financial Group Inc. now owns 9,169 shares of the company's stock worth $290,000 after acquiring an additional 1,225 shares during the period. State of Wyoming bought a new position in shares of REV Group during the 1st quarter worth about $223,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of REV Group during the 1st quarter worth about $4,263,000. Synovus Financial Corp lifted its holdings in shares of REV Group by 13.8% during the 1st quarter. Synovus Financial Corp now owns 39,078 shares of the company's stock worth $1,235,000 after acquiring an additional 4,743 shares during the period. Finally, Bragg Financial Advisors Inc bought a new position in shares of REV Group during the 1st quarter worth about $11,639,000.

Analysts Set New Price Targets

A number of research firms have recently commented on REVG. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Robert W. Baird raised their price objective on shares of REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. DA Davidson raised their price objective on shares of REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. Finally, Zacks Research downgraded shares of REV Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, REV Group has a consensus rating of "Hold" and a consensus target price of $52.00.

REV Group Trading Up 0.9%

Shares of REVG stock opened at $62.74 on Thursday. REV Group, Inc. has a 12-month low of $25.15 and a 12-month high of $63.78. The company has a market capitalization of $3.06 billion, a P/E ratio of 29.59 and a beta of 1.15. The firm has a 50-day moving average price of $51.51 and a 200 day moving average price of $41.06. 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 (NYSE:REVG - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.16. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The firm had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. During the same period last year, the firm posted $0.48 EPS. The firm's quarterly revenue was up 11.3% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. Research analysts forecast that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

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

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.

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