First Manhattan Co. lessened its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 215,933 shares of the company’s stock after selling 32,235 shares during the quarter. First Manhattan Co.’s holdings in Commercial Vehicle Group were worth $1,656,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Perritt Capital Management Inc. acquired a new position in Commercial Vehicle Group in the 4th quarter valued at approximately $57,000. Meeder Asset Management Inc. increased its stake in Commercial Vehicle Group by 245.7% in the 4th quarter. Meeder Asset Management Inc. now owns 13,338 shares of the company’s stock valued at $77,000 after buying an additional 9,480 shares during the period. Bank of America Corp DE increased its stake in Commercial Vehicle Group by 95.4% in the 4th quarter. Bank of America Corp DE now owns 16,765 shares of the company’s stock valued at $96,000 after buying an additional 8,186 shares during the period. Stone Ridge Asset Management LLC increased its stake in shares of Commercial Vehicle Group by 34.1% during the 4th quarter. Stone Ridge Asset Management LLC now owns 31,124 shares of the company’s stock worth $177,000 after purchasing an additional 7,910 shares during the last quarter. Finally, First Quadrant L P CA increased its stake in shares of Commercial Vehicle Group by 28.6% during the 4th quarter. First Quadrant L P CA now owns 32,124 shares of the company’s stock worth $183,000 after purchasing an additional 7,137 shares during the last quarter. Hedge funds and other institutional investors own 76.52% of the company’s stock.
Several research analysts have recently commented on the stock. BidaskClub upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Friday, March 15th. Finally, ValuEngine upgraded shares of Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.00.
Shares of CVGI opened at $9.18 on Wednesday. Commercial Vehicle Group, Inc. has a 12 month low of $5.35 and a 12 month high of $10.28. The firm has a market cap of $282.09 million, a PE ratio of 6.63 and a beta of 2.35. The company has a current ratio of 2.37, a quick ratio of 1.68 and a debt-to-equity ratio of 1.34.
Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Commercial Vehicle Group had a net margin of 4.96% and a return on equity of 41.48%. The company had revenue of $223.60 million for the quarter, compared to analyst estimates of $215.00 million.
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Commercial Vehicle Group Profile
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.
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