Jacobs Levy Equity Management Inc. Sells 320,733 Shares of REV Group, Inc. $REVG

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its stake in REV Group, trimming its holdings by 74% to $3.56 million.
• A number of institutional investors, including American Century Companies Inc., have increased their stakes, with American Century boosting its holdings by 345.5% during the first quarter.
• REV Group announced a quarterly dividend of $0.06 per share, set to be paid on October 10th, reflecting a dividend yield of 0.4%.

Jacobs Levy Equity Management Inc. lowered its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 74.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,759 shares of the company's stock after selling 320,733 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.22% of REV Group worth $3,563,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new stake in shares of REV Group in the fourth quarter valued at approximately $513,000. SG Americas Securities LLC boosted its position in shares of REV Group by 300.6% in the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company's stock valued at $480,000 after acquiring an additional 11,391 shares during the period. Speece Thorson Capital Group Inc. bought a new stake in shares of REV Group in the first quarter valued at approximately $4,842,000. American Century Companies Inc. boosted its position in shares of REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock valued at $20,346,000 after acquiring an additional 499,328 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of REV Group by 32.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company's stock valued at $11,120,000 after acquiring an additional 86,703 shares during the period.

REV Group Stock Down 0.3%

REV Group stock traded down $0.17 during midday trading on Monday, reaching $61.64. The stock had a trading volume of 126,851 shares, compared to its average volume of 731,039. The firm's fifty day simple moving average is $52.02 and its 200-day simple moving average is $41.67. REV Group, Inc. has a 1-year low of $25.76 and a 1-year high of $64.47. The stock has a market capitalization of $3.01 billion, a P/E ratio of 29.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63.

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

REV Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on REVG. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. The Goldman Sachs Group increased their price objective on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. DA Davidson increased their price objective on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, September 4th. Morgan Stanley set a $64.00 target price on REV Group in a research note on Tuesday, September 9th. Finally, Zacks Research lowered REV Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, REV Group has an average rating of "Hold" and an average price target of $56.50.

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.