Invesco Ltd. Acquires 163,026 Shares of REV Group, Inc. $REVG

Key Points

• Invesco Ltd. increased its shareholding in REV Group, Inc. by 9.4% in Q1, totaling approximately 1.89 million shares, valued at nearly $60 million.
• REV Group recently received upgrades from multiple brokerages, with a consensus target price of $42.25 and a mix of ratings from sell to strong buy.
• In Q1, REV Group reported $0.70 earnings per share, surpassing analyst estimates, and announced a quarterly dividend of $0.06 per share.

Invesco Ltd. raised its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 9.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,894,583 shares of the company's stock after acquiring an additional 163,026 shares during the quarter. Invesco Ltd. owned about 3.67% of REV Group worth $59,869,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Millennium Management LLC acquired a new position in shares of REV Group during the 4th quarter worth about $513,000. SG Americas Securities LLC grew its stake in REV Group by 300.6% during the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock worth $480,000 after buying an additional 11,391 shares during the last quarter. Speece Thorson Capital Group Inc. acquired a new position in REV Group in the first quarter worth $4,842,000. Wealth Enhancement Advisory Services LLC lifted its holdings in REV Group by 32.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock worth $11,120,000 after buying an additional 86,703 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in REV Group in the fourth quarter valued at approximately $474,000.

Analyst Ratings Changes

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

REV Group Price Performance

REV Group stock traded down $0.8090 during mid-day trading on Wednesday, reaching $50.9810. 198,794 shares of the company were exchanged, compared to its average volume of 696,304. The company has a fifty day simple moving average of $48.08 and a 200-day simple moving average of $38.58. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $53.74. 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 firm has a market cap of $2.49 billion, a PE ratio of 27.13 and a beta of 1.18.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. REV Group has set its FY 2025 guidance at EPS. As a group, equities research analysts expect 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 was paid on Friday, July 11th. Investors of record on Friday, June 27th were given a dividend of $0.06 per share. The ex-dividend date was Friday, June 27th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. REV Group's dividend payout ratio is presently 12.77%.

Insider Activity

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 516,446 shares of the company's stock, valued at $22,635,828.18. This represents a 15.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by insiders.

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.