Segall Bryant & Hamill LLC Trims Stock Position in REV Group, Inc. $REVG

Segall Bryant & Hamill LLC decreased its position in shares of REV Group, Inc. (NYSE:REVG) by 41.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,744,785 shares of the company’s stock after selling 1,257,602 shares during the period. REV Group makes up approximately 1.2% of Segall Bryant & Hamill LLC’s holdings, making the stock its 5th largest holding. Segall Bryant & Hamill LLC’s holdings in REV Group were worth $83,034,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. RD Lewis Holdings Inc. increased its position in shares of REV Group by 3.0% during the 2nd quarter. RD Lewis Holdings Inc. now owns 6,900 shares of the company’s stock valued at $345,000 after purchasing an additional 200 shares during the last quarter. Rhumbline Advisers boosted its stake in REV Group by 1.1% in the second quarter. Rhumbline Advisers now owns 76,006 shares of the company’s stock worth $3,617,000 after buying an additional 826 shares in the last quarter. Legal & General Group Plc grew its position in REV Group by 12.4% during the second quarter. Legal & General Group Plc now owns 57,605 shares of the company’s stock valued at $2,741,000 after acquiring an additional 6,346 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of REV Group by 24.5% during the second quarter. Hillsdale Investment Management Inc. now owns 146,300 shares of the company’s stock worth $6,962,000 after acquiring an additional 28,800 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of REV Group by 125.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 255,427 shares of the company’s stock worth $12,156,000 after acquiring an additional 142,243 shares during the last quarter.

REV Group Stock Performance

Shares of NYSE:REVG opened at $50.26 on Friday. 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 50-day moving average price of $55.71 and a 200-day moving average price of $50.11. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 23.71 and a beta of 1.15. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $64.47.

REV Group (NYSE:REVG) last posted its earnings results on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.16. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The company had revenue of $644.90 million for the quarter, compared to analysts’ expectations of $613.24 million. During the same period last year, the firm earned $0.48 earnings per share. REV Group’s quarterly revenue was up 11.3% on a year-over-year basis. 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 year.

REV Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. REV Group’s payout ratio is 11.32%.

Wall Street Analyst Weigh In

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

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.