Goldman Sachs Group Inc. Has $6.69 Million Stock Position in REV Group, Inc. $REVG

Key Points

• Goldman Sachs Group Inc. reduced its holdings in REV Group, Inc. by 54.1% in the first quarter, now owning 211,551 shares valued at approximately $6.69 million.
• REV Group recently reported a Q3 earnings per share (EPS) of $0.79, surpassing estimates and showing an 11.3% revenue growth year-over-year.
• The company declared a quarterly dividend of $0.06 per share, with a payout set for October 10th, representing an annual yield of 0.4% and a dividend payout ratio of 11.32%.

Goldman Sachs Group Inc. cut its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 54.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,551 shares of the company's stock after selling 248,954 shares during the period. Goldman Sachs Group Inc. owned about 0.43% of REV Group worth $6,685,000 as of its most recent SEC filing.

A number of 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 during the 1st quarter worth about $33,000. McIlrath & Eck LLC lifted its position in shares of REV Group by 31.5% during the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after purchasing an additional 344 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in REV Group in the 1st quarter worth $54,000. New Age Alpha Advisors LLC lifted its holdings in REV Group by 71.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock worth $68,000 after buying an additional 899 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of REV Group in the 1st quarter worth about $223,000.

REV Group Trading Down 1.0%

Shares of REVG traded down $0.63 during trading hours on Tuesday, reaching $59.64. The stock had a trading volume of 1,362,034 shares, compared to its average volume of 972,543. 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, Inc. has a 52 week low of $25.76 and a 52 week high of $64.47. The firm has a 50-day moving average of $52.43 and a 200 day moving average of $42.00. The company has a market cap of $2.91 billion, a P/E ratio of 28.13 and a beta of 1.15.

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

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, September 26th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group's dividend payout ratio (DPR) is 11.32%.

Analyst Upgrades and Downgrades

REVG has been the subject of a number of recent research reports. 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. Zacks Research lowered shares of REV Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. DA Davidson upped their price target on shares of REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. The Goldman Sachs Group increased their target price on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley set a $64.00 price objective on REV Group in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $56.50.

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.