Strs Ohio Buys New Shares in Commercial Vehicle Group, Inc. $CVGI

Key Points

• Strs Ohio acquired a new stake in Commercial Vehicle Group, purchasing 169,800 shares valued at approximately $195,000 in the 1st quarter.
• Other institutional investors, including Nuveen LLC and Jane Street Group LLC, have also increased their stakes, indicating growing interest in the company.
• Commercial Vehicle Group has set its FY 2025 guidance at 0.11 EPS, while analysts predict the company will post a loss of ($0.09) earnings per share for the last quarter.

Strs Ohio bought a new stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 169,800 shares of the company's stock, valued at approximately $195,000. Strs Ohio owned about 0.49% of Commercial Vehicle Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $47,000. Nuveen LLC purchased a new stake in shares of Commercial Vehicle Group in the 1st quarter valued at approximately $74,000. Bank of America Corp DE lifted its position in shares of Commercial Vehicle Group by 46.1% in the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company's stock valued at $81,000 after acquiring an additional 10,242 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Commercial Vehicle Group by 259.3% in the 1st quarter. Jane Street Group LLC now owns 74,086 shares of the company's stock valued at $85,000 after acquiring an additional 53,468 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $151,000. 72.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Commercial Vehicle Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th.

Commercial Vehicle Group Stock Performance

NASDAQ:CVGI opened at $1.67 on Thursday. Commercial Vehicle Group, Inc. has a 1 year low of $0.81 and a 1 year high of $3.57. The firm's fifty day simple moving average is $1.81 and its 200 day simple moving average is $1.51. The company has a current ratio of 2.41, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $61.76 million, a PE ratio of -1.48 and a beta of 1.81.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). The firm had revenue of $171.96 million during the quarter, compared to analyst estimates of $161.63 million. Commercial Vehicle Group had a negative net margin of 5.66% and a negative return on equity of 7.40%. Commercial Vehicle Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Commercial Vehicle Group Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.

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