Alta Fox Capital Management LLC Has $72.77 Million 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 lowered its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 7.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,302,802 shares of the company's stock after selling 194,365 shares during the period. REV Group comprises about 28.8% of Alta Fox Capital Management LLC's investment portfolio, making the stock its biggest holding. Alta Fox Capital Management LLC owned about 4.46% of REV Group worth $72,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of REVG. KBC Group NV bought a new position in REV Group in the first quarter worth about $33,000. McIlrath & Eck LLC raised its holdings in REV Group by 31.5% during 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of REV Group in the first quarter valued at $54,000. New Age Alpha Advisors LLC increased its holdings 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. Finally, Bridgefront Capital LLC bought a new position in shares of REV Group in the fourth quarter valued at $216,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on REVG. The Goldman Sachs Group upped their target price on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a report on Tuesday, May 27th. DA Davidson upped their price target on shares of REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a report on Thursday. Zacks Research lowered REV Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Morgan Stanley upgraded REV Group from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. Finally, Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $52.00.

REV Group Stock Performance

REV Group stock traded down $0.67 on Monday, hitting $61.85. The company's stock had a trading volume of 305,122 shares, compared to its average volume of 728,151. The firm has a market cap of $3.02 billion, a P/E ratio of 29.17 and a beta of 1.15. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. REV Group, Inc. has a one year low of $25.00 and a one year high of $63.38. The company has a fifty day moving average price of $50.68 and a 200-day moving average price of $40.54.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.16. The firm had revenue of $644.90 million during the quarter, compared to analysts' expectations of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $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 firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 dividend on an annualized basis 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.