Savant Capital LLC Acquires New Stake in REV Group, Inc. $REVG

Savant Capital LLC bought a new position in REV Group, Inc. (NYSE:REVG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,337 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in REV Group by 3.8% in the 1st quarter. Bank of New York Mellon Corp now owns 264,605 shares of the company’s stock valued at $8,362,000 after acquiring an additional 9,746 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of REV Group by 37.1% in the first quarter. Envestnet Asset Management Inc. now owns 24,408 shares of the company’s stock worth $771,000 after purchasing an additional 6,603 shares in the last quarter. Cerity Partners LLC raised its position in shares of REV Group by 46.7% in the first quarter. Cerity Partners LLC now owns 9,500 shares of the company’s stock valued at $300,000 after purchasing an additional 3,026 shares during the period. New York State Common Retirement Fund lifted its stake in shares of REV Group by 22.0% during the 1st quarter. New York State Common Retirement Fund now owns 109,615 shares of the company’s stock valued at $3,464,000 after buying an additional 19,752 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of REV Group by 35.2% during the 1st quarter. CWM LLC now owns 14,317 shares of the company’s stock valued at $452,000 after buying an additional 3,729 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on REVG shares. Robert W. Baird boosted their target price on shares of REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Morgan Stanley set a $55.00 price target on REV Group in a research report on Tuesday, November 4th. DA Davidson cut REV Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $68.00 to $57.00 in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, REV Group currently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

REV Group Price Performance

NYSE:REVG opened at $51.16 on Wednesday. REV Group, Inc. has a 52-week low of $26.51 and a 52-week high of $64.47. The stock has a fifty day moving average of $56.48 and a 200 day moving average of $50.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.53 and a current ratio of 1.63. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 24.13 and a beta of 1.15.

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

REV Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, September 26th. REV Group’s dividend payout ratio (DPR) 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.