Johnson Investment Counsel Inc. Has $370,000 Holdings in REV Group, Inc. $REVG

Key Points

• Johnson Investment Counsel Inc. reduced its holdings in REV Group, Inc. by 49.7%, owning 7,774 shares valued at $370,000 at the end of Q2.
• Several institutional investors acquired new stakes in REV Group this year, with Longboard Asset Management acquiring a position worth $221,000 in Q2.
• REV Group reported an EPS of $0.79 for Q3, exceeding estimates and showing an 11.3% year-over-year revenue increase.

Johnson Investment Counsel Inc. cut its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 49.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,774 shares of the company's stock after selling 7,670 shares during the period. Johnson Investment Counsel Inc.'s holdings in REV Group were worth $370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV acquired a new stake in shares of REV Group in the first quarter valued at approximately $33,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of REV Group in the first quarter valued at approximately $54,000. New Age Alpha Advisors LLC grew its stake in shares of REV Group by 71.0% in the first 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. Financiere des Professionnels Fonds d investissement inc. acquired a new position in REV Group during the second quarter worth $193,000. Finally, Longboard Asset Management LP acquired a new position in REV Group during the second quarter worth $221,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on REVG shares. DA Davidson boosted their target price on shares of REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. Weiss Ratings restated a "buy (b)" rating on shares of REV Group in a report on Wednesday, October 8th. Zacks Research upgraded shares of REV Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 1st. Morgan Stanley set a $64.00 target price on shares of REV Group in a report on Tuesday, September 9th. Finally, Robert W. Baird boosted 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. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, REV Group presently has an average rating of "Moderate Buy" and a consensus target price of $56.50.

REV Group Price Performance

NYSE:REVG opened at $57.64 on Thursday. REV Group, Inc. has a one year low of $25.76 and a one year high of $64.47. The company has a market cap of $2.81 billion, a P/E ratio of 27.19 and a beta of 1.16. The firm's fifty day moving average price is $55.96 and its two-hundred day moving average price is $45.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 EPS 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 firm had revenue of $644.90 million for the quarter, compared to the consensus estimate of $613.24 million. During the same period in the previous year, the company earned $0.48 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. Equities analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

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

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.

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