Wealth Enhancement Advisory Services LLC Has $15.30 Million Stake in REV Group, Inc. $REVG

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in REV Group, Inc. by 13.5%, selling 47,525 shares, and now owns approximately 0.62% of the company valued at $15.3 million.
• REV Group reported a quarterly earnings per share (EPS) of $0.79, exceeding analyst expectations of $0.63, along with an 11.3% year-over-year revenue increase to $644.9 million.
• The company announced a quarterly dividend of $0.06 per share, with an annualized yield of 0.4%, set to be paid on October 10th to shareholders on record as of September 26th.

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 13.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,377 shares of the company's stock after selling 47,525 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.62% of REV Group worth $15,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in REVG. KBC Group NV acquired a new stake in REV Group in the 1st quarter valued at approximately $33,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of REV Group during the first quarter valued at $54,000. New Age Alpha Advisors LLC raised its stake in shares of REV Group by 71.0% during the first quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock valued at $68,000 after purchasing an additional 899 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in REV Group in the 2nd quarter valued at about $193,000. Finally, Longboard Asset Management LP acquired a new position in REV Group during the 2nd quarter valued at about $221,000.

REV Group Stock Up 2.6%

NYSE:REVG traded up $1.51 during trading hours on Monday, hitting $60.43. 676,056 shares of the company's stock traded hands, compared to its average volume of 1,067,714. The stock's fifty day moving average price is $53.28 and its two-hundred day moving average price is $42.95. The firm has a market cap of $2.95 billion, a P/E ratio of 28.50 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63. REV Group, Inc. has a twelve month low of $25.76 and a twelve month high of $64.47.

REV Group (NYSE:REVG - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share for the quarter, beating 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 company had revenue of $644.90 million for the quarter, compared to analysts' expectations of $613.24 million. During the same quarter in the previous year, the business posted $0.48 EPS. The business'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. On average, research analysts expect that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The firm also recently disclosed 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. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 26th. REV Group's dividend payout ratio (DPR) is presently 11.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on REVG shares. DA Davidson increased their price objective 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. Wall Street Zen raised REV Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Zacks Research cut REV Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 2nd. Morgan Stanley set a $64.00 price objective on REV Group in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group raised their target price on REV Group from $26.00 to $30.00 and gave the company a "sell" rating in a research note on Tuesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, REV Group presently has an average rating of "Hold" and an average target price of $56.50.

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.