Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Position in REV Group, Inc. $REVG

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of REV Group, Inc. (NYSE:REVG) by 8.6% in the second quarter, HoldingsChannel.com reports. The firm owned 25,083 shares of the company’s stock after buying an additional 1,990 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in REV Group were worth $1,194,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. High Ground Investment Management LLP boosted its stake in shares of REV Group by 1.9% during the second quarter. High Ground Investment Management LLP now owns 1,911,593 shares of the company’s stock valued at $90,973,000 after purchasing an additional 35,382 shares during the period. Invesco Ltd. boosted its stake in shares of REV Group by 9.4% during the first quarter. Invesco Ltd. now owns 1,894,583 shares of the company’s stock valued at $59,869,000 after purchasing an additional 163,026 shares during the period. Aberdeen Group plc purchased a new stake in REV Group in the first quarter worth $25,796,000. American Century Companies Inc. lifted its stake in REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock worth $20,346,000 after acquiring an additional 499,328 shares during the period. Finally, Northern Trust Corp lifted its stake in REV Group by 0.3% in the first quarter. Northern Trust Corp now owns 489,347 shares of the company’s stock worth $15,463,000 after acquiring an additional 1,343 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on REVG. DA Davidson raised their price target on REV Group from $55.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of REV Group in a research note on Saturday, September 27th. Morgan Stanley set a $64.00 price target on REV Group in a research note on Tuesday, September 9th. Finally, Robert W. Baird raised their price target on REV Group from $50.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.50.

REV Group Price Performance

REVG opened at $53.98 on Friday. The stock has a fifty day simple moving average of $54.93 and a two-hundred day simple moving average of $44.45. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 25.46 and a beta of 1.16. REV Group, Inc. has a 12-month low of $25.76 and a 12-month high of $64.47.

REV Group (NYSE:REVG) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.16. The business had revenue of $644.90 million during the quarter, compared to the consensus estimate of $613.24 million. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. Research analysts predict 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 will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis 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 11.32%.

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.