Strs Ohio Makes New $952,000 Investment in REV Group, Inc. $REVG

Strs Ohio purchased a new stake in shares of REV Group, Inc. (NYSE:REVG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,000 shares of the company’s stock, valued at approximately $952,000.

Other hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS lifted its holdings in shares of REV Group by 2.6% during the second quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the company’s stock worth $557,000 after purchasing an additional 300 shares during the period. SummerHaven Investment Management LLC raised its position in REV Group by 1.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 31,778 shares of the company’s stock worth $1,512,000 after buying an additional 475 shares during the last quarter. Hsbc Holdings PLC lifted its stake in REV Group by 8.6% during the 1st quarter. Hsbc Holdings PLC now owns 7,914 shares of the company’s stock valued at $249,000 after acquiring an additional 629 shares during the period. Atria Investments Inc boosted its holdings in shares of REV Group by 10.0% in the 2nd quarter. Atria Investments Inc now owns 7,302 shares of the company’s stock valued at $348,000 after acquiring an additional 666 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its stake 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 worth $68,000 after acquiring an additional 899 shares during the period.

REV Group Price Performance

Shares of REV Group stock opened at $52.50 on Friday. The firm has a market cap of $2.56 billion, a PE ratio of 24.76 and a beta of 1.15. REV Group, Inc. has a twelve month low of $26.51 and a twelve month high of $64.47. The company has a quick ratio of 0.53, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $57.48 and a 200 day moving average price of $48.66.

REV Group (NYSE:REVG) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.63 by $0.16. The company had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.REV Group’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. Sell-side analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.06 per share. The ex-dividend date was Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. REV Group’s dividend payout ratio is currently 11.32%.

Analysts Set New Price Targets

REVG has been the subject of a number of research reports. Robert W. Baird boosted their target price on shares of REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. Morgan Stanley set a $55.00 price objective on REV Group in a research note on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. DA Davidson lowered REV Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $68.00 to $57.00 in a report on Friday, October 31st. Finally, Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, REV Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.50.

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.