Hsbc Holdings PLC Has $249,000 Holdings in REV Group, Inc. $REVG

Hsbc Holdings PLC increased its position in shares of REV Group, Inc. (NYSE:REVG) by 8.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,914 shares of the company’s stock after acquiring an additional 629 shares during the quarter. Hsbc Holdings PLC’s holdings in REV Group were worth $249,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in REVG. Tudor Investment Corp ET AL acquired a new stake in shares of REV Group during the fourth quarter valued at approximately $741,000. Northern Trust Corp grew 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 valued at $15,553,000 after purchasing an additional 33,308 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in REV Group during the fourth quarter valued at approximately $226,000. Baird Financial Group Inc. purchased a new position in REV Group during the fourth quarter valued at approximately $253,000. Finally, Bridgefront Capital LLC purchased a new position in REV Group during the fourth quarter valued at approximately $216,000.

REV Group Stock Performance

REVG stock opened at $61.63 on Friday. 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 company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 29.07 and a beta of 1.15. REV Group, Inc. has a 12 month low of $24.90 and a 12 month high of $63.38. The firm has a 50 day moving average of $50.36 and a two-hundred day moving average of $40.24.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.63 by $0.16. The company had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 26.92%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that REV Group, Inc. will post 2.12 EPS for the current fiscal year.

REV Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 26th. REV Group’s dividend payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on REVG shares. Robert W. Baird boosted their price objective on shares of REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley raised shares of REV Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $33.00 to $46.00 in a research report on Wednesday, June 18th. DA Davidson boosted their price objective on shares of REV Group from $55.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on shares of REV Group from $26.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, May 27th. Finally, Zacks Research downgraded shares of REV Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $52.00.

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.