BlackRock Inc. bought a new stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,341,109 shares of the company's stock, valued at approximately $10,816,000. BlackRock Inc. owned 5.76% of Commercial Vehicle Group as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in shares of Commercial Vehicle Group during the 1st quarter valued at $44,000. Engineers Gate Manager LP increased its stake in Commercial Vehicle Group by 87.1% during the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock valued at $33,000 after acquiring an additional 9,364 shares during the period. Virtu Financial LLC bought a new stake in Commercial Vehicle Group in the 4th quarter valued at $33,000. Deutsche Bank AG bought a new stake in Commercial Vehicle Group in the second quarter valued at about $140,000. Finally, Bank of America Corp DE raised its position in Commercial Vehicle Group by 46.1% in the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company's stock worth $81,000 after purchasing an additional 10,242 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.
Commercial Vehicle Group Price Performance
Commercial Vehicle Group stock opened at $3.24 on Friday. The stock's 50 day moving average is $3.99 and its 200 day moving average is $3.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. Commercial Vehicle Group, Inc. has a one year low of $1.29 and a one year high of $5.88. The firm has a market cap of $131.65 million, a P/E ratio of -4.84 and a beta of 1.38.
Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.08). The business had revenue of $195.24 million during the quarter, compared to analyst estimates of $171.58 million. Commercial Vehicle Group had a negative net margin of 3.42% and a negative return on equity of 13.91%. As a group, research analysts expect that Commercial Vehicle Group, Inc. will post -0.2 EPS for the current year.
Analyst Ratings Changes
Several research firms have issued reports on CVGI. Wall Street Zen downgraded Commercial Vehicle Group from a "buy" rating to a "hold" rating in a report on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Commercial Vehicle Group in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Commercial Vehicle Group currently has a consensus rating of "Hold" and an average target price of $6.00.
Check Out Our Latest Research Report on CVGI
Commercial Vehicle Group Profile
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Free Report)
Commercial Vehicle Group, Inc NASDAQ: CVGI is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI's offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.
The company's product portfolio is organized around three core segments: Seating, Controls and Interiors.
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