Alta Fox Capital Management LLC Trims Stock Holdings in REV Group, Inc. $REVG

Key Points

• Alta Fox Capital Management LLC reduced its stake in REV Group, Inc. by 7.8%, owning 2,302,802 shares which account for 28.8% of its investment portfolio.
• REV Group recently reported earnings of $0.70 per share, surpassing analysts' expectations, alongside a revenue of $629.10 million for the quarter.
• The company declared a quarterly dividend of $0.06 per share, representing an annualized yield of 0.5%, with a dividend payout ratio of 12.77%.

Alta Fox Capital Management LLC reduced its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,302,802 shares of the company's stock after selling 194,365 shares during the period. REV Group makes up about 28.8% of Alta Fox Capital Management LLC's investment portfolio, making the stock its biggest position. Alta Fox Capital Management LLC owned approximately 4.46% of REV Group worth $72,769,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. KBC Group NV acquired a new stake in REV Group in the first quarter worth $33,000. McIlrath & Eck LLC raised its holdings in REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock worth $46,000 after purchasing an additional 344 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in REV Group in the first quarter worth $54,000. New Age Alpha Advisors LLC raised 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 worth $68,000 after purchasing an additional 899 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in shares of REV Group during the fourth quarter worth $216,000.

Analyst Upgrades and Downgrades

REVG has been the subject of a number of analyst reports. Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Zacks Research downgraded shares of REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. DA Davidson raised their target price on shares of REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their target price 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. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.00.

REV Group Stock Performance

Shares of REVG stock traded up $0.99 during midday trading on Friday, hitting $62.55. 1,253,217 shares of the company were exchanged, compared to its average volume of 873,747. The firm has a market capitalization of $3.05 billion, a P/E ratio of 29.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.53 and a current ratio of 1.66. The firm's 50 day moving average price is $50.68 and its two-hundred day moving average price is $40.49. REV Group, Inc. has a 52 week low of $24.90 and a 52 week high of $63.38.

REV Group (NYSE:REVG - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.63 by $0.16. REV Group had a net margin of 4.51% and a return on equity of 26.92%. The business had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. During the same quarter in the previous year, the firm posted $0.48 EPS. REV Group's revenue was up 11.3% compared to the same quarter last year. REV Group has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Announces Dividend

The company also recently announced 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. 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 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.