Nationwide Fund Advisors increased its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 223.9% in the 3rd quarter, according to its most recent disclosure with the Securities Exchange Commission. The institutional investor owned 63,467 shares of the company’s stock after purchasing an additional 43,873 shares during the period. Nationwide Fund Advisors owned approximately 0.21% of Commercial Vehicle Group worth $466,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of Commercial Vehicle Group by 10,810.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock worth $195,000 after purchasing an additional 22,809 shares in the last quarter. Rhumbline Advisers acquired a new stake in Commercial Vehicle Group during the second quarter worth approximately $225,000. New York State Common Retirement Fund acquired a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at $227,000. Petrus Trust Company LTA acquired a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at $305,000. Finally, Citadel Advisors LLC acquired a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at $321,000. 76.44% of the stock is owned by hedge funds and other institutional investors.
Commercial Vehicle Group, Inc. (NASDAQ:CVGI) opened at $12.79 on Thursday. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.09 and a quick ratio of 1.44. The company has a market cap of $394.31, a PE ratio of 63.95 and a beta of 1.00. Commercial Vehicle Group, Inc. has a fifty-two week low of $5.17 and a fifty-two week high of $12.89.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. The firm had revenue of $198.30 million during the quarter, compared to analyst estimates of $173.90 million. Commercial Vehicle Group had a net margin of 0.82% and a return on equity of 14.58%. Commercial Vehicle Group’s revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. analysts anticipate that Commercial Vehicle Group, Inc. will post 0.32 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on CVGI shares. Zacks Investment Research lowered shares of Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded shares of Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th.
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Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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