REV Group, Inc. $REVG Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its position in REV Group, Inc. (NYSE:REVG) by 345.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,854 shares of the company’s stock after purchasing an additional 499,328 shares during the period. American Century Companies Inc. owned about 1.25% of REV Group worth $20,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Invesco Ltd. grew its stake in REV Group by 9.4% in the 1st quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock valued at $59,869,000 after acquiring an additional 163,026 shares during the period. High Ground Investment Management LLP acquired a new position in REV Group during the first quarter worth $59,288,000. Aberdeen Group plc acquired a new position in REV Group during the first quarter worth $25,796,000. Northern Trust Corp raised its position in REV Group by 7.3% during the fourth quarter. Northern Trust Corp now owns 488,004 shares of the company’s stock worth $15,553,000 after acquiring an additional 33,308 shares during the period. Finally, Federated Hermes Inc. raised its position in REV Group by 29.6% during the first quarter. Federated Hermes Inc. now owns 469,257 shares of the company’s stock worth $14,829,000 after acquiring an additional 107,291 shares during the period.

Insider Activity

In other REV Group news, CEO Jr. Mark A. Skonieczny sold 92,601 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 516,446 shares of the company’s stock, valued at $22,635,828.18. This trade represents a 15.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of REV Group from $26.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, May 27th. DA Davidson upped their price objective on shares of REV Group from $51.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wall Street Zen upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th. Finally, Morgan Stanley upgraded shares of REV Group from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $33.00 to $46.00 in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.25.

REV Group Trading Up 3.5%

Shares of REVG opened at $52.2430 on Friday. REV Group, Inc. has a 52-week low of $21.54 and a 52-week high of $53.74. The company has a quick ratio of 0.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average is $48.47 and its two-hundred day moving average is $38.94. The stock has a market cap of $2.55 billion, a PE ratio of 27.79 and a beta of 1.18.

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

REV Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 27th were paid 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 dividend yield of 0.5%. REV Group’s dividend payout ratio (DPR) is 12.77%.

REV Group Company 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.