Lisanti Capital Growth LLC Sells 5,200 Shares of REV Group, Inc. $REVG

Lisanti Capital Growth LLC decreased its holdings in REV Group, Inc. (NYSE:REVG) by 12.7% in the second quarter, Holdings Channel reports. The firm owned 35,595 shares of the company’s stock after selling 5,200 shares during the quarter. Lisanti Capital Growth LLC’s holdings in REV Group were worth $1,694,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of REVG. KLP Kapitalforvaltning AS boosted its position in shares of REV Group by 2.6% during the second quarter. KLP Kapitalforvaltning AS now owns 11,700 shares of the company’s stock valued at $557,000 after buying an additional 300 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in REV Group by 1.5% during the second quarter. SummerHaven Investment Management LLC now owns 31,778 shares of the company’s stock valued at $1,512,000 after purchasing an additional 475 shares during the period. Hsbc Holdings PLC boosted its holdings in REV Group by 8.6% in the first quarter. Hsbc Holdings PLC now owns 7,914 shares of the company’s stock worth $249,000 after purchasing an additional 629 shares during the last quarter. Atria Investments Inc grew its position in REV Group by 10.0% in the 2nd quarter. Atria Investments Inc now owns 7,302 shares of the company’s stock worth $348,000 after purchasing an additional 666 shares during the period. Finally, New Age Alpha Advisors LLC raised its stake in REV Group by 71.0% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company’s stock valued at $68,000 after buying an additional 899 shares during the last quarter.

REV Group Price Performance

NYSE REVG opened at $52.07 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. REV Group, Inc. has a 12 month low of $26.51 and a 12 month high of $64.47. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 24.56 and a beta of 1.15. The company’s 50 day moving average is $57.46 and its two-hundred day moving average is $48.95.

REV Group (NYSE:REVG) last announced its quarterly earnings data on Wednesday, September 3rd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.16. The firm had revenue of $644.90 million during the quarter, compared to analysts’ expectations of $613.24 million. REV Group had a net margin of 4.51% and a return on equity of 27.25%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that REV Group, Inc. will post 2.12 earnings per share for the current year.

REV Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on REVG. Morgan Stanley set a $55.00 price target on REV Group in a research note on Tuesday. 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 report on Friday, October 31st. Zacks Research raised REV Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of REV Group in a research report on Wednesday, October 8th. Finally, Robert W. Baird raised their price objective on shares of REV Group from $50.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. One 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’s stock. According to data from MarketBeat.com, REV Group currently has an average rating of “Moderate Buy” and a consensus price target 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.