Pallas Capital Advisors LLC Takes $273,000 Position in REV Group, Inc. $REVG

Key Points

• Pallas Capital Advisors LLC acquired a new position in REV Group, Inc. valued at approximately $273,000, buying 5,736 shares during the 2nd quarter.
• The company reported $0.79 earnings per share for the quarter, surpassing analyst expectations of $0.63, along with an 11.3% year-over-year revenue increase.
• REV Group's quarterly dividend of $0.06 per share will be paid on October 10th, reflecting a 0.4% dividend yield.

Pallas Capital Advisors LLC bought a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,736 shares of the company's stock, valued at approximately $273,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV acquired a new position in REV Group during the 1st quarter worth about $33,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in REV Group during the 1st quarter worth about $54,000. New Age Alpha Advisors LLC lifted its position in REV Group by 71.0% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock worth $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 2nd quarter worth about $193,000. Finally, Persium Advisors LLC acquired a new position in REV Group during the 2nd quarter worth about $223,000.

Wall Street Analyst Weigh In

A number of research firms have issued reports on REVG. Zacks Research downgraded shares of REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Robert W. Baird upped their target price on shares of REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Morgan Stanley set a $64.00 target price on shares of REV Group in a research report on Tuesday, September 9th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, The Goldman Sachs Group upped their price target on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, REV Group presently has an average rating of "Hold" and an average target price of $56.50.

REV Group Stock Down 0.9%

REVG stock opened at $58.82 on Monday. 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, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $64.47. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 27.75 and a beta of 1.15. The business's fifty day moving average price is $53.04 and its two-hundred day moving average price is $42.74.

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

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, September 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. REV Group's dividend payout ratio 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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