REV Group, Inc. $REVG Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its stake in REV Group, Inc. by 6.9%, now owning approximately 807,976 shares valued at $25.53 million.
• REV Group recently announced a quarterly dividend of $0.06 per share, resulting in an annualized yield of 0.4% and a payout ratio of 12.77%.
• The stock price of REV Group has demonstrated significant growth, with analysts raising target prices; they have an average rating of "Hold" and a consensus price target of $42.25.

Wellington Management Group LLP reduced its stake in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,976 shares of the company's stock after selling 59,559 shares during the quarter. Wellington Management Group LLP owned about 1.56% of REV Group worth $25,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. KBC Group NV purchased a new position in shares of REV Group in the first quarter valued at $33,000. McIlrath & Eck LLC grew 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 purchasing an additional 344 shares in the last quarter. New Age Alpha Advisors LLC grew 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 purchasing an additional 899 shares in the last quarter. Bridgefront Capital LLC purchased a new position in shares of REV Group in the fourth quarter valued at $216,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of REV Group in the fourth quarter valued at $220,000.

Wall Street Analyst Weigh In

Several research firms have commented on REVG. DA Davidson lifted their price objective on shares of REV Group from $51.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Morgan Stanley raised shares of REV Group from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $33.00 to $46.00 in a research note on Wednesday, June 18th. The Goldman Sachs Group lifted 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. Finally, Wall Street Zen upgraded REV Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. 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. Based on data from MarketBeat.com, the company currently has a consensus 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 company's stock in a transaction that occurred on Friday, June 6th. The stock was 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 $22,635,828.18. This represents a 15.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

REV Group Stock Down 1.0%

Shares of REVG stock traded down $0.55 during trading hours on Friday, reaching $53.23. 513,640 shares of the company's stock were exchanged, compared to its average volume of 614,379. REV Group, Inc. has a 1 year low of $21.54 and a 1 year high of $54.68. The stock has a market cap of $2.60 billion, a PE ratio of 28.32 and a beta of 1.18. The company has a current ratio of 1.66, a quick ratio of 0.53 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average price is $49.45 and its two-hundred day moving average price is $39.60.

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

REV Group Dividend Announcement

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