REV Group, Inc. $REVG Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in shares of REV Group, Inc. (NYSE:REVG) by 59.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,554 shares of the company’s stock after selling 2,256 shares during the quarter. US Bancorp DE’s holdings in REV Group were worth $49,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in REVG. KBC Group NV purchased a new position in shares of REV Group during the 1st quarter valued at approximately $33,000. McIlrath & Eck LLC increased its holdings 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 acquiring an additional 344 shares in the last quarter. Cerity Partners LLC purchased a new stake in REV Group in the 4th quarter worth $205,000. Bridgefront Capital LLC purchased a new stake in REV Group in the 4th quarter worth $216,000. Finally, Brevan Howard Capital Management LP purchased a new stake in REV Group in the 4th quarter worth $220,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price target on shares of REV Group from $26.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, May 27th. DA Davidson boosted their price target on shares of REV Group from $51.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Wall Street Zen raised shares of REV Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Finally, Morgan Stanley raised shares of REV Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $33.00 to $46.00 in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.25.

Insider Buying and Selling

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 516,446 shares of the company’s stock, valued at $22,635,828.18. This represents a 15.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is owned by insiders.

REV Group Trading Down 2.2%

Shares of REVG opened at $51.7050 on Wednesday. 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, Inc. has a 12-month low of $21.54 and a 12-month high of $53.74. The firm has a 50-day moving average price of $48.08 and a 200 day moving average price of $38.58. The firm has a market capitalization of $2.52 billion, a P/E ratio of 27.50 and a beta of 1.18.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. REV Group had a net margin of 4.16% and a return on equity of 23.99%. The firm had revenue of $629.10 million during the quarter, compared to analyst estimates of $603.51 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. REV Group’s quarterly revenue was up 2.0% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that REV Group, Inc. will post 2.12 EPS for the current year.

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were given a $0.06 dividend. The ex-dividend date of this dividend 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 presently 12.77%.

REV Group 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.