Jefferies Financial Group Inc. Makes New $1.33 Million Investment in REV Group, Inc. $REVG

Jefferies Financial Group Inc. bought a new stake in shares of REV Group, Inc. (NYSE:REVG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,880 shares of the company’s stock, valued at approximately $1,327,000. Jefferies Financial Group Inc. owned approximately 0.06% of REV Group at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in shares of REV Group by 5,215.4% during the second quarter. AlphaQuest LLC now owns 1,382 shares of the company’s stock worth $66,000 after purchasing an additional 1,356 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in REV Group in the 1st quarter valued at approximately $54,000. New Age Alpha Advisors LLC lifted its position in REV Group by 71.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company’s stock worth $68,000 after buying an additional 899 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of REV Group during the 2nd quarter valued at $193,000. Finally, Longboard Asset Management LP acquired a new stake in shares of REV Group during the 2nd quarter valued at $221,000.

REV Group Price Performance

NYSE REVG opened at $52.82 on Thursday. REV Group, Inc. has a fifty-two week low of $26.51 and a fifty-two week high of $64.47. The stock’s 50-day moving average is $55.28 and its two-hundred day moving average is $50.56. 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 firm has a market cap of $2.58 billion, a P/E ratio of 24.91 and a beta of 1.15.

REV Group (NYSE:REVG) last issued 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. REV Group had a return on equity of 27.25% and a net margin of 4.51%.The business had revenue of $644.90 million for the quarter, compared to analyst estimates of $613.24 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. REV Group has set its FY 2025 guidance at EPS. On average, analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given 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 dividend yield of 0.5%. REV Group’s dividend payout ratio (DPR) is currently 11.32%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on REVG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of REV Group in a research note on Wednesday, October 8th. DA Davidson downgraded 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. Morgan Stanley set a $55.00 price target on REV Group in a research note on Tuesday, November 4th. Robert W. Baird lifted their price target on REV Group from $50.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Zacks Research upgraded REV Group from a “hold” rating to a “strong-buy” rating in a report 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 issued a Sell rating to the stock. According to data from MarketBeat, REV Group presently has an average 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.