Vanguard Group Inc. Sells 49,723 Shares of REV Group, Inc. $REVG

Key Points

• Vanguard Group Inc. reduced its stake in REV Group, Inc. by 0.9%, owning 5,189,205 shares worth approximately $163.98 million after selling 49,723 shares in the first quarter.
• CEO Jr. Mark A. Skonieczny sold 92,601 shares of REV Group stock, representing a 15.20% decrease in their ownership, and now holds shares valued at about $22.64 million.
• REV Group recently reported earnings of $0.70 per share for the last quarter, exceeding analysts' expectations, and has a consensus price target of $42.25 from equity analysts.

Vanguard Group Inc. cut its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 0.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,189,205 shares of the company's stock after selling 49,723 shares during the quarter. Vanguard Group Inc. owned about 10.04% of REV Group worth $163,979,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of REVG. KBC Group NV purchased a new stake in REV Group in the 1st quarter valued at about $33,000. McIlrath & Eck LLC raised its holdings in shares of REV Group by 31.5% in the fourth quarter. McIlrath & Eck LLC now owns 1,435 shares of the company's stock valued at $46,000 after buying an additional 344 shares during the last quarter. New Age Alpha Advisors LLC boosted 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 acquiring an additional 899 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of REV Group in the fourth quarter valued at about $205,000. Finally, Bridgefront Capital LLC purchased a new position in REV Group during the fourth quarter worth about $216,000.

Insiders Place Their Bets

In related news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.83, for a total value of $4,058,701.83. Following the sale, the chief executive officer owned 516,446 shares in the company, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.

REV Group Price Performance

REV Group stock opened at $50.9070 on Thursday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 27.08 and a beta of 1.18. 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 stock's 50 day moving average price is $48.20 and its two-hundred day moving average price is $38.66. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $53.74.

REV Group (NYSE:REVG - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.13. The business had revenue of $629.10 million for the quarter, compared to analysts' expectations of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. REV Group has set its FY 2025 guidance at EPS. On average, equities analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Friday, June 27th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, June 27th. REV Group's payout ratio is presently 12.77%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on REVG. Wall Street Zen upgraded shares of REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. DA Davidson raised their target price on shares of REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Morgan Stanley upgraded shares of REV Group from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $33.00 to $46.00 in a research note on Wednesday, June 18th. Finally, The Goldman Sachs Group increased their price objective on REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, REV Group has a consensus rating of "Hold" and an average target price of $42.25.

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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