Baird Financial Group Inc. Purchases 1,225 Shares of REV Group, Inc. $REVG

Baird Financial Group Inc. boosted its position in REV Group, Inc. (NYSE:REVG) by 15.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,169 shares of the company’s stock after acquiring an additional 1,225 shares during the quarter. Baird Financial Group Inc.’s holdings in REV Group were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of REV Group in the 4th quarter valued at about $513,000. SG Americas Securities LLC lifted its holdings in REV Group by 300.6% in the first quarter. SG Americas Securities LLC now owns 15,181 shares of the company’s stock worth $480,000 after buying an additional 11,391 shares during the period. Speece Thorson Capital Group Inc. purchased a new stake in REV Group in the first quarter worth about $4,842,000. American Century Companies Inc. lifted its holdings in REV Group by 345.5% in the first quarter. American Century Companies Inc. now owns 643,854 shares of the company’s stock worth $20,346,000 after buying an additional 499,328 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of REV Group by 32.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 351,902 shares of the company’s stock valued at $11,120,000 after purchasing an additional 86,703 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on REVG shares. Morgan Stanley set a $64.00 price target on shares of REV Group in a research report on Tuesday. Zacks Research downgraded shares of REV Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. DA Davidson boosted their price target 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. Robert W. Baird boosted their target price 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. Finally, The Goldman Sachs Group boosted their target price on shares of REV Group from $26.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, REV Group currently has an average rating of “Hold” and a consensus price target of $56.50.

REV Group Price Performance

Shares of REVG stock opened at $64.01 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 company has a market capitalization of $3.12 billion, a P/E ratio of 30.19 and a beta of 1.15. The company’s 50-day simple moving average is $51.79 and its two-hundred day simple moving average is $41.29. REV Group, Inc. has a one year low of $25.76 and a one year high of $64.47.

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

REV Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 26th. REV Group’s dividend payout ratio (DPR) is 11.32%.

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.