Ruffer LLP Buys New Shares in REV Group, Inc. $REVG

Key Points

• Ruffer LLP has acquired a new stake in REV Group, Inc. by purchasing 102,398 shares valued at approximately $4.87 million, resulting in a total ownership of 0.21% at the end of the quarter.
• Wall Street analysts have recently adjusted their price targets for REV Group, with Robert W. Baird and DA Davidson setting targets of $64.00 and $68.00 respectively, indicating a positive outlook for the stock.
• REV Group reported a profit margin of 4.51% and revenue of $644.90 million for the latest quarter, exceeding consensus estimates and showing an 11.3% increase year-over-year.

Ruffer LLP bought a new stake in REV Group, Inc. (NYSE:REVG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 102,398 shares of the company's stock, valued at approximately $4,873,000. Ruffer LLP owned 0.21% of REV Group at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in REVG. High Ground Investment Management LLP acquired a new position in shares of REV Group in the 1st quarter valued at $59,288,000. Aberdeen Group plc acquired a new position in shares of REV Group in the 1st quarter valued at $25,796,000. American Century Companies Inc. increased its position in shares of REV Group by 345.5% in the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company's stock valued at $20,346,000 after acquiring an additional 499,328 shares during the period. Bragg Financial Advisors Inc purchased a new stake in REV Group in the first quarter valued at $11,639,000. Finally, Neuberger Berman Group LLC purchased a new stake in REV Group in the first quarter valued at $6,999,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Robert W. Baird upped their price target on shares of REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. 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, September 4th. Morgan Stanley set a $64.00 price target on shares of REV Group in a report on Tuesday, September 9th. Zacks Research lowered shares of REV Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised shares of REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $56.50.

REV Group Stock Down 1.2%

REVG opened at $57.72 on Thursday. REV Group, Inc. has a twelve month low of $25.76 and a twelve month high of $64.47. 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 company has a 50-day moving average price of $53.71 and a 200 day moving average price of $43.15. The company has a market cap of $2.82 billion, a PE ratio of 27.23 and a beta of 1.15.

REV Group (NYSE:REVG - Get Free Report) last released 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. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The firm had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. Sell-side analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders 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 dividend on an annualized basis and a yield of 0.4%. REV Group's dividend 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.

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