Caisse DE Depot ET Placement DU Quebec Takes $4.26 Million Position in REV Group, Inc. $REVG

Key Points

• Caisse DE Depot ET Placement DU Quebec acquired 134,900 shares of REV Group, Inc., valued at approximately $4.26 million, representing about 0.26% of the company's stock as of the end of the last quarter.
• REV Group reported a quarterly earnings per share (EPS) of $0.70, exceeding consensus estimates of $0.57 and showing a 2% increase in revenue year-over-year, reaching $629.1 million.
• The company announced a quarterly dividend of $0.06 per share, translating to an annualized dividend of $0.24 and a yield of 0.4%.

Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 134,900 shares of the company's stock, valued at approximately $4,263,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.26% of REV Group as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of REV Group during the 4th quarter valued at about $513,000. SG Americas Securities LLC boosted its position in REV Group by 300.6% in the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock valued at $480,000 after buying an additional 11,391 shares in the last quarter. Speece Thorson Capital Group Inc. acquired a new position in REV Group in the first quarter valued at about $4,842,000. American Century Companies Inc. boosted its position in REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock valued at $20,346,000 after buying an additional 499,328 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in REV Group by 32.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock valued at $11,120,000 after buying an additional 86,703 shares in the last quarter.

Insider Buying and Selling

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company'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 completion of the sale, the chief executive officer owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.70% of the company's stock.

REV Group Trading Down 1.6%

Shares of REVG traded down $0.86 on Tuesday, reaching $52.35. 876,072 shares of the company's stock were exchanged, compared to its average volume of 695,778. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $2.55 billion, a P/E ratio of 27.84 and a beta of 1.15. The business has a 50 day moving average price of $49.63 and a two-hundred day moving average price of $39.84. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $54.68.

REV Group (NYSE:REVG - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. The business 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%. REV Group's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. REV Group has set its FY 2025 guidance at EPS. Research analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have commented on REVG. Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Morgan Stanley upgraded shares of REV Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. The Goldman Sachs Group boosted their price target on shares of REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research report on Tuesday, May 27th. Finally, DA Davidson boosted their price target on shares of REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Two 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $42.25.

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.