REV Group, Inc. $REVG Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of REV Group, Inc. (NYSE:REVG) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 666,758 shares of the company’s stock after selling 29,049 shares during the period. Charles Schwab Investment Management Inc. owned about 1.29% of REV Group worth $21,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its stake in REV Group by 375.1% during the 4th quarter. Wells Fargo & Company MN now owns 97,732 shares of the company’s stock worth $3,115,000 after acquiring an additional 77,163 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in REV Group by 96.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,805 shares of the company’s stock worth $567,000 after purchasing an additional 8,741 shares during the period. Cerity Partners LLC purchased a new stake in REV Group during the fourth quarter worth about $205,000. Bank of Montreal Can lifted its position in shares of REV Group by 9.1% during the fourth quarter. Bank of Montreal Can now owns 8,182 shares of the company’s stock worth $261,000 after purchasing an additional 682 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of REV Group by 10.6% in the fourth quarter. Barclays PLC now owns 99,130 shares of the company’s stock valued at $3,158,000 after purchasing an additional 9,511 shares during the period.

Insiders Place Their Bets

In other news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.83, for a total transaction of $4,058,701.83. Following the completion of the sale, the chief executive officer owned 516,446 shares in the company, valued at approximately $22,635,828.18. The trade was a 15.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company’s stock.

REV Group Stock Performance

NYSE:REVG opened at $50.4930 on Friday. REV Group, Inc. has a 12 month low of $21.54 and a 12 month high of $53.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.66 and a quick ratio of 0.53. The firm has a market capitalization of $2.46 billion, a PE ratio of 26.86 and a beta of 1.18. The business’s fifty day moving average price is $48.31 and its 200 day moving average price is $38.78.

REV Group (NYSE:REVG) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $0.70 earnings per share (EPS) 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 company had revenue of $629.10 million during the quarter, compared to the consensus estimate of $603.51 million. During the same period in the previous year, the business earned $0.39 EPS. REV Group’s revenue for the quarter was up 2.0% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, June 27th. REV Group’s dividend payout ratio is currently 12.77%.

Analyst Ratings Changes

A number of brokerages recently weighed in on REVG. DA Davidson upped their target price 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. Wall Street Zen raised REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Morgan Stanley upgraded REV Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $33.00 to $46.00 in a research note on Wednesday, June 18th. Finally, The Goldman Sachs Group lifted their target price on REV Group from $26.00 to $30.00 and gave the company a “sell” rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned 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 $42.25.

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.