Prudential Financial Inc. Has $6.67 Million Position in REV Group, Inc. $REVG

Prudential Financial Inc. increased its holdings in shares of REV Group, Inc. (NYSE:REVG - Free Report) by 58.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,130 shares of the company's stock after purchasing an additional 51,843 shares during the period. Prudential Financial Inc. owned approximately 0.29% of REV Group worth $6,669,000 at the end of the most recent quarter.

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A number of other large investors have also bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in REV Group during the 1st quarter worth approximately $54,000. AlphaQuest LLC increased its position 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 acquiring an additional 1,356 shares in the last quarter. New Age Alpha Advisors LLC increased its position in shares of REV Group by 71.0% during the first quarter. New Age Alpha Advisors LLC now owns 2,165 shares of the company's stock worth $68,000 after acquiring 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 second quarter worth $193,000. Finally, Longboard Asset Management LP bought a new stake in REV Group in the 2nd quarter valued at $221,000.

REV Group Price Performance

Shares of NYSE REVG opened at $53.27 on Friday. 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 business has a 50-day moving average of $55.04 and a 200-day moving average of $50.78. The stock 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.

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REV Group (NYSE:REVG - Get Free Report) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.79 EPS for the quarter, beating the consensus estimate 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 return on equity of 27.25% and a net margin of 4.51%.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 posted $0.48 earnings per share. REV Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that REV Group, Inc. will post 2.12 earnings per share for the current fiscal year.

REV Group Announces Dividend

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

Analyst Upgrades and Downgrades

• REV Group is a speculative buy for 2024

A number of equities analysts recently weighed in on the stock. Morgan Stanley set a $55.00 target price on shares of REV Group in a research note on Tuesday, November 4th. Robert W. Baird boosted 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. Zacks Research raised REV Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. DA Davidson downgraded REV Group from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $68.00 to $57.00 in a report on Friday, October 31st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of REV Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $51.50.

Check Out Our Latest Stock Analysis on REVG

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.

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