Voya Investment Management LLC Has $3.85 Million Stake in REV Group, Inc. $REVG

Voya Investment Management LLC lowered its position in shares of REV Group, Inc. (NYSE:REVG) by 44.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 121,722 shares of the company’s stock after selling 96,412 shares during the period. Voya Investment Management LLC owned about 0.25% of REV Group worth $3,846,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. High Ground Investment Management LLP bought a new stake in shares of REV Group during the first quarter worth about $59,288,000. Aberdeen Group plc bought a new position in REV Group in the 1st quarter valued at approximately $25,796,000. American Century Companies Inc. boosted its position in REV Group by 345.5% during the 1st quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock worth $20,346,000 after buying an additional 499,328 shares during the period. Bragg Financial Advisors Inc bought a new stake in REV Group during the 1st quarter worth approximately $11,639,000. Finally, Neuberger Berman Group LLC acquired a new position in REV Group in the 1st quarter valued at approximately $6,999,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of REV Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Zacks Research downgraded REV Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Robert W. Baird upped their price target on REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, September 4th. DA Davidson raised their price objective on REV Group from $55.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. Finally, Morgan Stanley set a $64.00 target price on REV Group in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.50.

REV Group Stock Performance

Shares of REVG stock opened at $58.82 on Friday. The firm has a market capitalization of $2.87 billion, a PE ratio of 27.75 and a beta of 1.15. The firm has a fifty day simple moving average of $53.04 and a two-hundred day simple moving average of $42.55. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. REV Group, Inc. has a 12 month low of $25.76 and a 12 month high of $64.47.

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

REV Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.4%. REV Group’s payout ratio is 11.32%.

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.