Vanguard Group Inc. Lowers Holdings in 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 position in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing 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 approximately 10.04% of REV Group worth $163,979,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC grew its position 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 purchasing an additional 344 shares in the last quarter. SummerHaven Investment Management LLC grew its position in REV Group by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 31,303 shares of the company's stock worth $989,000 after purchasing an additional 414 shares in the last quarter. Bank of Montreal Can grew its position in REV Group by 9.1% in the 4th quarter. Bank of Montreal Can now owns 8,182 shares of the company's stock worth $261,000 after purchasing an additional 682 shares in the last quarter. Vident Advisory LLC grew its position in REV Group by 5.2% in the 4th quarter. Vident Advisory LLC now owns 16,348 shares of the company's stock worth $521,000 after purchasing an additional 805 shares in the last quarter. Finally, New Age Alpha Advisors LLC grew its position in REV Group by 71.0% in the 1st 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 in the last quarter.

Wall Street Analysts Forecast Growth

REVG has been the subject of a number of recent analyst reports. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. 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. DA Davidson increased their target price on shares of REV Group from $51.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, The Goldman Sachs Group increased 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $42.25.

Insider Buying and Selling

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 completion of the transaction, the chief executive officer directly owned 516,446 shares of the company's stock, valued at approximately $22,635,828.18. This trade represents a 15.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company's stock.

REV Group Stock Performance

Shares of REVG stock traded up $0.33 during trading on Tuesday, reaching $54.02. 527,078 shares of the company's stock traded hands, compared to its average volume of 620,417. The firm's 50-day moving average is $48.86 and its 200 day moving average is $39.21. The company has a market capitalization of $2.64 billion, a P/E ratio of 28.73 and a beta of 1.18. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $54.10. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36.

REV Group (NYSE:REVG - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. The company had revenue of $629.10 million during the quarter, compared to the consensus estimate of $603.51 million. REV Group had a net margin of 4.16% and a return on equity of 23.99%. REV Group's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. REV Group has set its FY 2025 guidance at EPS. Equities research analysts expect that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.24 annualized dividend and a yield of 0.4%. REV Group's dividend payout ratio (DPR) is 12.77%.

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.