Voya Investment Management LLC Lowers Position in REV Group, Inc. $REVG

Key Points

• Voya Investment Management LLC reduced its stake in REV Group by 44.2%, now owning approximately 121,722 shares worth **$3.85 million**.
• REV Group reported an earnings per share of $0.79 for the last quarter, surpassing analyst expectations of $0.63 and achieving an 11.3% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.06 per share, with an annual yield of 0.4%, set to be paid on October 10th.

Voya Investment Management LLC lessened its holdings in REV Group, Inc. (NYSE:REVG - Free Report) by 44.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 121,722 shares of the company's stock after selling 96,412 shares during the quarter. Voya Investment Management LLC owned approximately 0.25% of REV Group worth $3,846,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of REV Group by 5.7% in the 1st quarter. Rhumbline Advisers now owns 75,180 shares of the company's stock worth $2,376,000 after buying an additional 4,050 shares during the period. Caxton Associates LLP bought a new stake in shares of REV Group in the first quarter valued at about $599,000. Seven Six Capital Management LLC raised its holdings in shares of REV Group by 4.7% in the first quarter. Seven Six Capital Management LLC now owns 92,458 shares of the company's stock valued at $2,922,000 after acquiring an additional 4,150 shares in the last quarter. Petrus Trust Company LTA purchased a new position in REV Group during the 1st quarter valued at about $364,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in REV Group by 5.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,726 shares of the company's stock valued at $971,000 after purchasing an additional 1,520 shares during the period.

Wall Street Analysts Forecast Growth

REVG has been the topic of a number of recent research reports. Robert W. Baird increased their price objective on shares of REV Group from $50.00 to $64.00 and gave the company an "outperform" rating in a research note on Thursday, September 4th. The Goldman Sachs Group boosted their price objective on shares of REV Group from $26.00 to $30.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Morgan Stanley set a $64.00 price target on REV Group in a report on Tuesday, September 9th. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, DA Davidson raised their price objective on REV Group from $55.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, REV Group currently has an average rating of "Hold" and an average price target of $56.50.

REV Group Stock Performance

REVG traded down $0.01 on Tuesday, reaching $60.39. 110,037 shares of the stock were exchanged, compared to its average volume of 739,881. REV Group, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $64.47. The firm has a market capitalization of $2.95 billion, a PE ratio of 28.53 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The company's 50-day moving average price is $53.28 and its 200 day moving average price is $42.95.

REV Group (NYSE:REVG - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.16. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The firm had revenue of $644.90 million during the quarter, compared to analysts' expectations of $613.24 million. During the same period last year, the business posted $0.48 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. REV Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given 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 payout ratio 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.