Corient IA LLC Takes $316,000 Position in REV Group, Inc. $REVG

Key Points

• Corient IA LLC has acquired a new stake in REV Group, Inc., purchasing 10,000 shares valued at approximately $316,000 in the first quarter.
• Several institutional investors have also increased their holdings in REV Group, with notable boosts from McIlrath & Eck LLC (31.5%) and New Age Alpha Advisors LLC (71.0%) in recent quarters.
• Wall Street analysts have mixed opinions on REV Group, with ratings ranging from "sell" to "strong buy," and a current consensus rating of "Moderate Buy" with an average price target of $42.25.

Corient IA LLC acquired a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the company's stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC grew 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 buying an additional 344 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of REV Group by 1.3% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company's stock worth $989,000 after buying an additional 414 shares in the last quarter. Bank of Montreal Can grew its position in shares of REV Group by 9.1% during the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock worth $261,000 after buying an additional 682 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of REV Group by 5.2% during the 4th quarter. Vident Advisory LLC now owns 16,348 shares of the company's stock worth $521,000 after purchasing an additional 805 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its stake in shares of REV Group by 71.0% during the 1st 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.

REV Group Stock Up 3.5%

REV Group stock traded up $1.7430 during midday trading on Friday, reaching $52.2430. The company's stock had a trading volume of 1,001,482 shares, compared to its average volume of 697,309. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $53.74. The stock has a market capitalization of $2.55 billion, a P/E ratio of 27.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. The stock's 50-day simple moving average is $48.31 and its 200-day simple moving average is $38.78.

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, topping the consensus estimate of $0.57 by $0.13. REV Group had a return on equity of 23.99% and a net margin of 4.16%.The firm had revenue of $629.10 million during the quarter, compared to analysts' expectations of $603.51 million. During the same period last year, the business posted $0.39 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. REV Group has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock in a transaction that occurred on Friday, June 6th. The stock was 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 directly owned 516,446 shares in the company, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company's stock.

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.