Schroder Investment Management Group has acquired a new stake in REV Group, Inc. (NYSE: REVG), according to a report by HoldingsChannel.com. In the second quarter, the institutional investor purchased 30,295 shares of REV Group, valued at approximately $1.44 million. This move highlights the growing interest from major investors in the specialty vehicles manufacturer.
Several other significant investors have also adjusted their positions in REV Group. For instance, AlphaQuest LLC increased its holdings by an impressive 5,215.4%, now owning 1,382 shares worth approximately $66,000 after acquiring an additional 1,356 shares in the last quarter. Similarly, BI Asset Management Fondsmaeglerselskab A S entered the market with a new position valued at around $54,000 in the first quarter.
Other notable investments include New Age Alpha Advisors LLC, which boosted its holdings by 71.0% to 2,165 shares, now valued at $68,000 following a purchase of 899 shares. Longboard Asset Management LP and Financiere des Professionnels Fonds d investissement inc. also made new stakes in the company, valued at approximately $221,000 and $193,000, respectively.
Analysts Adjust Ratings for REV Group
Market analysts have recently reassessed their ratings for REV Group. Robert W. Baird downgraded the stock from a “strong-buy” to a “hold” rating in a research report dated December 1. The firm also adjusted its price target from $64.00 to $55.00. Additionally, DA Davidson lowered its price objective from $68.00 to $57.00 after downgrading the stock from a “buy” to a “neutral” rating.
Conversely, Zacks Research upgraded the stock from a “hold” to a “strong-buy” rating earlier this month, indicating some analysts remain optimistic about the company’s potential. Overall, one analyst has designated the stock as a “Strong Buy,” one as a “Buy,” four as “Hold,” and one as “Sell.” According to data from MarketBeat.com, the consensus rating for REV Group is currently “Hold,” with an average price target of $49.25.
Current Stock Performance and Financial Results
As of the latest trading session, shares of REV Group opened at $56.35. The stock has experienced fluctuations over the past year, with a 52-week low of $26.51 and a high of $64.47. The company has a market capitalization of $2.75 billion and a P/E ratio of 26.58, indicating a moderate valuation in comparison to its earnings.
Financial performance has also shown positive trends. In its most recent earnings report issued on September 3, REV Group reported earnings per share of $0.79, surpassing analyst expectations of $0.63 by $0.16. The company achieved revenue of $644.90 million in the quarter, exceeding estimates of $613.24 million. Notably, REV Group experienced an 11.3% increase in quarterly revenue year-over-year, with a net margin of 4.51% and a return on equity of 27.25%.
Looking ahead, analysts anticipate that REV Group, Inc. will post an earnings per share (EPS) of $2.12 for the current fiscal year, reflecting ongoing confidence in the company’s growth trajectory.
REV Group, Inc. designs, manufactures, and distributes specialty vehicles and related aftermarket services across the United States, Canada, and internationally. The company operates in three segments: Fire & Emergency, Commercial, and Recreation, providing a diverse array of products and services.
For those interested in the latest updates regarding REV Group and similar companies, HoldingsChannel.com offers insights into recent 13F filings and insider trades.
