Koss Olinger Consulting LLC Lowers Position in REV Group, Inc. $REVG

Koss Olinger Consulting LLC trimmed its stake in REV Group, Inc. (NYSE:REVG) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,900 shares of the company’s stock after selling 1,492 shares during the quarter. Koss Olinger Consulting LLC’s holdings in REV Group were worth $852,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. KBC Group NV purchased a new stake in REV Group in the first quarter valued at approximately $33,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in REV Group in the first quarter valued at approximately $54,000. AlphaQuest LLC grew its holdings in REV Group by 5,215.4% in the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock valued at $66,000 after purchasing an additional 1,356 shares during the period. New Age Alpha Advisors LLC grew its holdings in REV Group by 71.0% in the first quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company’s stock valued at $68,000 after purchasing an additional 899 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in REV Group in the second quarter valued at approximately $193,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on REVG. Morgan Stanley set a $64.00 price objective on shares of REV Group in a research note on Tuesday, September 9th. Robert W. Baird boosted their price objective on shares of REV Group from $50.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. DA Davidson boosted their price objective on shares of 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 upgraded shares of REV Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of REV Group in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.50.

REV Group Price Performance

Shares of REVG stock opened at $60.91 on Monday. The company has a market capitalization of $2.97 billion, a PE ratio of 28.73 and a beta of 1.16. The firm has a fifty day simple moving average of $56.99 and a 200-day simple moving average of $47.25. The company has a current ratio of 1.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.23. REV Group, Inc. has a twelve month low of $25.76 and a twelve month high of $64.47.

REV Group (NYSE:REVG) last announced its 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 business had revenue of $644.90 million during 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 business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors 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 annualized dividend and a yield of 0.4%. 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.