Invesco Ltd. Boosts Stock Holdings in 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. grew its position in REV Group, Inc. (NYSE:REVG - Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,894,583 shares of the company's stock after buying an additional 163,026 shares during the period. Invesco Ltd. owned 3.67% of REV Group worth $59,869,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. KBC Group NV bought a new stake in shares of REV Group in the 1st quarter valued at about $33,000. McIlrath & Eck LLC boosted its holdings in shares of REV Group by 31.5% in the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after buying an additional 344 shares in the last quarter. New Age Alpha Advisors LLC boosted its holdings in shares of REV Group by 71.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock valued at $68,000 after buying an additional 899 shares in the last quarter. Cerity Partners LLC acquired a new stake in REV Group in the 4th quarter worth approximately $205,000. Finally, Bridgefront Capital LLC acquired a new stake in REV Group in the 4th quarter worth approximately $216,000.

REV Group Stock Performance

REVG traded down $0.4170 during trading on Thursday, reaching $50.4930. 447,827 shares of the company's stock were exchanged, compared to its average volume of 599,864. REV Group, Inc. has a 1 year low of $21.54 and a 1 year 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 stock has a market capitalization of $2.46 billion, a P/E ratio of 26.86 and a beta of 1.18. The company's fifty 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 posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The company had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. During the same period last year, the firm posted $0.39 EPS. REV Group'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. As a group, research analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

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%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at REV Group

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's 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 transaction, the chief executive officer directly owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company's stock.

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.