Petrus Trust Company LTA Takes $364,000 Position in REV Group, Inc. $REVG

Key Points

• Petrus Trust Company LTA acquired a new stake in REV Group, Inc., purchasing 11,517 shares valued at approximately $364,000.
• Analysts have mixed ratings for REV Group, with DA Davidson raising their price target to $68.00 and a "buy" rating, while Goldman Sachs established a "sell" rating with a target of $30.00.
• REV Group reported a quarterly earnings of $0.79 per share, surpassing analyst expectations, and announced a quarterly dividend of $0.06 to be paid in October.

Petrus Trust Company LTA purchased a new position in REV Group, Inc. (NYSE:REVG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,517 shares of the company's stock, valued at approximately $364,000.

A number of other hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC lifted its holdings in REV Group by 31.5% in the 4th quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after buying an additional 344 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of REV Group by 1.3% during the first quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company's stock valued at $989,000 after acquiring an additional 414 shares in the last quarter. Hsbc Holdings PLC lifted its stake in REV Group by 8.6% in the first quarter. Hsbc Holdings PLC now owns 7,914 shares of the company's stock worth $249,000 after acquiring an additional 629 shares during the period. Vident Advisory LLC boosted its holdings in REV Group by 5.2% in 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 boosted its holdings in 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 acquiring an additional 899 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have commented on REVG. The Goldman Sachs Group upped their price objective on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a report on Tuesday, May 27th. Morgan Stanley set a $64.00 price target on shares of REV Group in a research report on Tuesday. Robert W. Baird raised their price objective 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. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, DA Davidson upped their target price on REV Group from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, September 4th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, REV Group presently has an average rating of "Hold" and an average price target of $56.50.

REV Group Stock Up 2.0%

Shares of REVG stock traded up $1.27 during trading hours on Thursday, hitting $64.01. 718,316 shares of the company's stock traded hands, compared to its average volume of 731,975. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The stock's fifty day simple moving average is $51.51 and its two-hundred day simple moving average is $41.06. REV Group, Inc. has a 12-month low of $25.76 and a 12-month high of $64.47. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 30.19 and a beta of 1.15.

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

REV Group Dividend Announcement

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