Persium Advisors LLC Acquires New Stake in REV Group, Inc. $REVG

Key Points

• Persium Advisors LLC has acquired a new position in REV Group, Inc. worth approximately $223,000, purchasing 4,695 shares in the 2nd quarter.
• REV Group's recent quarterly earnings exceeded expectations, reporting $0.79 earnings per share against a consensus estimate of $0.63.
• The company declared a quarterly dividend of $0.06 per share, with a dividend yield of 0.4%, reflecting a payout ratio of 11.32%.

Persium Advisors LLC bought a new position in shares of REV Group, Inc. (NYSE:REVG - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,695 shares of the company's stock, valued at approximately $223,000.

A number of other institutional investors also recently modified their holdings of REVG. McIlrath & Eck LLC increased its holdings in REV Group by 31.5% during the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after purchasing an additional 344 shares during the period. SummerHaven Investment Management LLC grew its position in shares of REV Group by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company's stock worth $989,000 after buying an additional 414 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of REV Group by 8.6% during the first quarter. Hsbc Holdings PLC now owns 7,914 shares of the company's stock valued at $249,000 after buying an additional 629 shares during the period. Vident Advisory LLC raised its holdings in shares of REV Group by 5.2% during the fourth quarter. Vident Advisory LLC now owns 16,348 shares of the company's stock valued at $521,000 after acquiring an additional 805 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in shares of REV Group by 71.0% during the first quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock valued at $68,000 after acquiring an additional 899 shares in the last quarter.

Wall Street Analyst Weigh In

REVG has been the topic of a number of research analyst reports. 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 research report on Tuesday, May 27th. Robert W. Baird boosted their price target 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. Zacks Research lowered shares of REV Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Finally, DA Davidson upped their target price on shares of REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $56.50.

REV Group Stock Performance

Shares of REV Group stock traded down $0.63 during trading on Tuesday, hitting $59.64. 1,362,034 shares of the company's stock traded hands, compared to its average volume of 972,543. REV Group, Inc. has a 1 year low of $25.76 and a 1 year high of $64.47. The business has a 50-day simple moving average of $52.43 and a 200-day simple moving average of $42.00. The stock has a market capitalization of $2.91 billion, a P/E ratio of 28.13 and a beta of 1.15. 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 issued its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.16. The business had revenue of $644.90 million during the quarter, compared to analyst estimates of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.REV Group's revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. REV Group has set its FY 2025 guidance at EPS. As a group, analysts forecast that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The business 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 $0.06 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group's dividend payout ratio (DPR) is currently 11.32%.

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.