35,226 Shares in REV Group, Inc. $REVG Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in shares of REV Group, Inc. (NYSE:REVG) in the 2nd quarter, HoldingsChannel reports. The firm bought 35,226 shares of the company’s stock, valued at approximately $1,677,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Aberdeen Group plc bought a new position in shares of REV Group in the first quarter valued at $25,796,000. American Century Companies Inc. boosted its stake in shares of 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 acquiring an additional 499,328 shares in the last quarter. Bragg Financial Advisors Inc acquired a new position in shares of REV Group in the 1st quarter worth $11,639,000. Neuberger Berman Group LLC acquired a new stake in shares of REV Group during the first quarter worth $6,999,000. Finally, Nuveen LLC purchased a new stake in shares of REV Group during the first quarter valued at $6,236,000.

REV Group Price Performance

Shares of REVG opened at $53.27 on Friday. The business’s 50-day moving average is $55.04 and its 200-day moving average is $50.78. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 0.53. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 25.13 and a beta of 1.15. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $64.47.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 EPS 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 the consensus estimate of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. Equities 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 declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, September 26th. REV Group’s payout ratio is currently 11.32%.

Analyst Ratings Changes

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

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.