Federated Hermes Inc. Raises Stock Holdings in REV Group, Inc. (NYSE:REVG)

Key Points

• Federated Hermes Inc. increased its holdings in REV Group, Inc. by 29.6%, owning 469,257 shares valued at approximately $14.8 million as of the latest SEC filing.
• REV Group reported earnings per share of $0.70 for the last quarter, surpassing analysts' expectations of $0.57, along with a revenue of $629.10 million.
• The company announced a quarterly dividend of $0.06 per share, reflecting an annualized dividend of $0.24 and a yield of 0.5% as part of its financial return strategy.

Federated Hermes Inc. raised its stake in REV Group, Inc. (NYSE:REVG - Free Report) by 29.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 469,257 shares of the company's stock after purchasing an additional 107,291 shares during the period. Federated Hermes Inc. owned 0.91% of REV Group worth $14,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in REVG. KBC Group NV purchased a new position in shares of REV Group in the 1st quarter worth approximately $33,000. New Age Alpha Advisors LLC purchased a new stake in REV Group during the fourth quarter valued at approximately $40,000. McIlrath & Eck LLC boosted its stake in REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after acquiring an additional 344 shares in the last quarter. Pictet Asset Management Holding SA purchased a new position in REV Group in the fourth quarter worth $202,000. Finally, Cerity Partners LLC purchased a new position in REV Group in the fourth quarter worth $205,000.

REV Group Price Performance

Shares of REVG opened at $48.27 on Friday. 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 company's fifty day moving average price is $45.43 and its 200-day moving average price is $37.16. REV Group, Inc. has a 1-year low of $21.54 and a 1-year high of $50.34. The firm has a market capitalization of $2.36 billion, a PE ratio of 25.68 and a beta of 1.18.

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, beating the consensus estimate of $0.57 by $0.13. The business had revenue of $629.10 million for the quarter, compared to the consensus estimate of $603.51 million. REV Group had a return on equity of 23.99% and a net margin of 4.16%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. On average, equities research analysts predict that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

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

Insider Transactions at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the sale, the chief executive officer directly owned 516,446 shares in the company, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $33.00 to $46.00 in a report on Wednesday, June 18th. The Goldman Sachs Group increased their price target on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. DA Davidson boosted their price target on REV Group from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.25.

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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