Delphi Management Inc. MA Takes Position in REV Group, Inc. $REVG

Key Points

• Delphi Management Inc. MA acquired a new position in REV Group, Inc. by purchasing 26,937 shares valued at approximately $1.28 million, representing about 0.06% ownership as disclosed in a recent SEC filing.
• REV Group's recent quarterly earnings showed a 16% increase in earnings per share, beating analyst expectations, and it has announced a quarterly dividend of $0.06 to be paid on October 10th.
• Wall Street analysts have mixed opinions on REV Group's stock, with target price estimates ranging from $30 to $68, while Zacks recently downgraded the stock from a "strong-buy" to a "hold" rating.

Delphi Management Inc. MA purchased a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,937 shares of the company's stock, valued at approximately $1,282,000. Delphi Management Inc. MA owned about 0.06% of REV Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. grew its position in shares of REV Group by 9.4% in the first quarter. Invesco Ltd. now owns 1,894,583 shares of the company's stock valued at $59,869,000 after purchasing an additional 163,026 shares during the last quarter. High Ground Investment Management LLP acquired a new stake in REV Group during the first quarter worth about $59,288,000. Aberdeen Group plc acquired a new stake in REV Group during the first quarter worth about $25,796,000. American Century Companies Inc. grew its position in REV Group by 345.5% during the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock worth $20,346,000 after buying an additional 499,328 shares in the last quarter. Finally, Northern Trust Corp grew its position in REV Group by 0.3% during the first quarter. Northern Trust Corp now owns 489,347 shares of the company's stock worth $15,463,000 after buying an additional 1,343 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on REVG shares. Zacks Research downgraded REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. DA Davidson lifted their target price on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Morgan Stanley set a $64.00 target price on REV Group in a research report on Tuesday. Robert W. Baird lifted their target price on REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group lifted their target price on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $56.50.

REV Group Stock Down 3.2%

NYSE REVG opened at $61.85 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. The stock's 50 day moving average is $52.02 and its two-hundred day moving average is $41.59. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 29.17 and a beta of 1.15. REV Group, Inc. has a 1-year low of $25.76 and a 1-year high of $64.47.

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

REV Group Announces Dividend

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

REV Group 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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