Jacobs Levy Equity Management Inc. Has $3.56 Million Stake in 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. trimmed its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 74.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,759 shares of the company's stock after selling 320,733 shares during the period. Jacobs Levy Equity Management Inc. owned 0.22% of REV Group worth $3,563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC bought a new stake in shares of REV Group during the 4th quarter valued at $513,000. SG Americas Securities LLC grew its stake in shares of 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 purchasing an additional 11,391 shares during the period. Speece Thorson Capital Group Inc. acquired a new position in REV Group in the first quarter valued at about $4,842,000. American Century Companies Inc. boosted its holdings in REV Group by 345.5% during the first quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock worth $20,346,000 after buying an additional 499,328 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in REV Group by 32.7% during the first 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 during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on REVG. DA Davidson upped their price target on REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, September 4th. 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. Robert W. Baird increased their target price on shares of REV Group from $50.00 to $64.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Zacks Research cut shares of REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Finally, Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $33.00 to $46.00 in a report on Wednesday, June 18th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $52.00.

REV Group Stock Up 0.0%

REV Group stock opened at $62.22 on Wednesday. The company has a 50 day moving average of $51.25 and a 200-day moving average of $40.91. 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 twelve month low of $25.15 and a twelve month high of $63.38. The stock has a market capitalization of $3.04 billion, a PE ratio of 29.35 and a beta of 1.15.

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

REV Group Announces Dividend

The company also recently disclosed 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 is Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.4%. REV Group's dividend payout ratio (DPR) is presently 11.32%.

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.

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