XTX Topco Ltd Sells 15,207 Shares of REV Group, Inc. $REVG

XTX Topco Ltd cut its holdings in shares of REV Group, Inc. (NYSE:REVG) by 36.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 26,099 shares of the company’s stock after selling 15,207 shares during the period. XTX Topco Ltd’s holdings in REV Group were worth $1,242,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Aberdeen Group plc bought a new stake in REV Group during the first quarter worth $25,796,000. American Century Companies Inc. increased its position in shares of REV Group by 345.5% during the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock valued at $20,346,000 after acquiring an additional 499,328 shares during the last quarter. Bragg Financial Advisors Inc bought a new stake in REV Group during the first quarter worth $11,639,000. Neuberger Berman Group LLC purchased a new position in REV Group in the first quarter worth $6,999,000. Finally, Nuveen LLC bought a new position in REV Group in the 1st quarter valued at $6,236,000.

Analysts Set New Price Targets

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

REV Group Trading Up 0.7%

Shares of NYSE REVG opened at $53.27 on Friday. The stock has a market cap of $2.60 billion, a P/E ratio of 25.13 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. REV Group, Inc. has a 1 year low of $26.51 and a 1 year high of $64.47. The firm has a 50-day moving average of $55.04 and a 200 day moving average of $50.78.

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

REV Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. 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.