Acadian Asset Management LLC grew its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Free Report) by 2,129.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,553 shares of the company’s stock after buying an additional 98,908 shares during the quarter. Acadian Asset Management LLC owned 0.31% of Commercial Vehicle Group worth $754,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of CVGI. Quantbot Technologies LP grew its stake in shares of Commercial Vehicle Group by 133.3% in the second quarter. Quantbot Technologies LP now owns 4,900 shares of the company’s stock valued at $28,000 after buying an additional 2,800 shares in the last quarter. Jane Street Group LLC acquired a new position in Commercial Vehicle Group during the 2nd quarter worth $66,000. Advisor Group Holdings Inc. acquired a new position in Commercial Vehicle Group during the 1st quarter worth $67,000. Y Intercept Hong Kong Ltd acquired a new position in Commercial Vehicle Group during the 1st quarter worth $75,000. Finally, Boothbay Fund Management LLC acquired a new position in Commercial Vehicle Group during the 4th quarter worth $92,000. 70.51% of the stock is owned by institutional investors and hedge funds.
Commercial Vehicle Group Stock Down 0.8 %
Shares of NASDAQ CVGI opened at $9.14 on Tuesday. The company has a market capitalization of $308.38 million, a price-to-earnings ratio of -29.48, a price-to-earnings-growth ratio of 0.40 and a beta of 2.93. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.07 and a quick ratio of 1.34. The business has a 50-day moving average of $10.11 and a two-hundred day moving average of $9.04. Commercial Vehicle Group, Inc. has a 1 year low of $4.03 and a 1 year high of $11.96.
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last posted its earnings results on Tuesday, August 1st. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.07. Commercial Vehicle Group had a positive return on equity of 19.81% and a negative net margin of 0.95%. The business had revenue of $262.19 million during the quarter, compared to the consensus estimate of $261.07 million. On average, analysts forecast that Commercial Vehicle Group, Inc. will post 1.03 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently commented on CVGI shares. StockNews.com initiated coverage on Commercial Vehicle Group in a research note on Thursday, August 17th. They set a “strong-buy” rating for the company. TheStreet raised Commercial Vehicle Group from a “d+” rating to a “c-” rating in a report on Wednesday, May 17th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $13.00 price target on shares of Commercial Vehicle Group in a report on Monday, August 7th.
Read Our Latest Stock Report on Commercial Vehicle Group
About Commercial Vehicle Group
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totalling 1,160,000 shares, a decrease of 7.9% from the July 31st total of 1,260,000 shares. Based on an average daily trading volume, of 367,500 shares, the short-interest ratio is presently 3.2 days. Approximately 3.9% of the shares of the stock are sold short.
Commercial Vehicle Group Trading Down 0.8 %
Shares of NASDAQ:CVGI traded down $0.07 during trading on Friday, reaching $9.14. The company’s stock had a trading volume of 142,781 shares, compared to its average volume of 256,044. The company has a current ratio of 2.07, a quick ratio of 1.34 and a debt-to-equity ratio of 1.00. Commercial Vehicle Group has a 12 month low of $4.03 and a 12 month high of $11.96. The firm’s 50 day simple moving average is $10.13 and its two-hundred day simple moving average is $9.02. The stock has a market capitalization of $308.38 million, a PE ratio of -29.48, a price-to-earnings-growth ratio of 0.39 and a beta of 2.96.
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. Commercial Vehicle Group had a negative net margin of 0.95% and a positive return on equity of 19.81%. The firm had revenue of $262.19 million during the quarter, compared to the consensus estimate of $261.07 million. On average, research analysts predict that Commercial Vehicle Group will post 1.03 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Barrington Research reissued an “outperform” rating and set a $13.00 price objective on shares of Commercial Vehicle Group in a report on Monday, August 7th. TheStreet raised shares of Commercial Vehicle Group from a “d+” rating to a “c-” rating in a report on Wednesday, May 17th. Finally, StockNews.com assumed coverage on shares of Commercial Vehicle Group in a report on Thursday, August 17th. They set a “strong-buy” rating for the company.
Get Our Latest Stock Report on CVGI
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in CVGI. Quantbot Technologies LP lifted its holdings in shares of Commercial Vehicle Group by 133.3% in the 2nd quarter. Quantbot Technologies LP now owns 4,900 shares of the company’s stock valued at $28,000 after acquiring an additional 2,800 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at about $29,000. Harbor Capital Advisors Inc. purchased a new stake in Commercial Vehicle Group in the 2nd quarter worth about $34,000. Quarry LP purchased a new stake in Commercial Vehicle Group in the 2nd quarter worth about $38,000. Finally, Jane Street Group LLC purchased a new stake in Commercial Vehicle Group in the 2nd quarter worth about $66,000. Institutional investors own 70.51% of the company’s stock.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising.
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a note issued to investors on Friday, Benzinga reports. They presently have a $13.00 price target on the stock. Barrington Research’s price objective would suggest a potential upside of 25.36% from the stock’s current price.
Several other analysts have also recently commented on the stock. StockNews.com began coverage on shares of Commercial Vehicle Group in a research report on Thursday, May 18th. They set a “strong-buy” rating for the company. TheStreet raised shares of Commercial Vehicle Group from a “d+” rating to a “c-” rating in a research note on Wednesday, May 17th.
Commercial Vehicle Group Price Performance
Shares of CVGI traded up $0.09 on Friday, hitting $10.37. The company’s stock had a trading volume of 33,071 shares, compared to its average volume of 257,670. The company has a market capitalization of $347.08 million, a PE ratio of -19.74, a PEG ratio of 0.50 and a beta of 2.95. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.04 and a quick ratio of 1.28. Commercial Vehicle Group has a fifty-two week low of $4.03 and a fifty-two week high of $11.45. The company has a 50 day moving average price of $10.34 and a 200 day moving average price of $8.67.
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.14. Commercial Vehicle Group had a negative net margin of 1.73% and a positive return on equity of 15.30%. The firm had revenue of $262.71 million during the quarter, compared to analysts’ expectations of $243.65 million. On average, research analysts anticipate that Commercial Vehicle Group will post 0.95 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Commercial Vehicle Group
A number of hedge funds have recently modified their holdings of the business. Forager Capital Management LLC increased its stake in Commercial Vehicle Group by 18.5% in the fourth quarter. Forager Capital Management LLC now owns 2,627,619 shares of the company’s stock valued at $18,868,000 after purchasing an additional 410,013 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Commercial Vehicle Group in the second quarter valued at approximately $2,307,000. Franklin Resources Inc. bought a new stake in shares of Commercial Vehicle Group in the first quarter valued at approximately $2,736,000. Jane Street Group LLC increased its holdings in Commercial Vehicle Group by 711.4% during the 1st quarter. Jane Street Group LLC now owns 199,151 shares of the company’s stock worth $1,454,000 after acquiring an additional 174,608 shares during the period. Finally, Invesco Ltd. increased its holdings in Commercial Vehicle Group by 167.4% during the 1st quarter. Invesco Ltd. now owns 264,352 shares of the company’s stock worth $2,234,000 after acquiring an additional 165,476 shares during the period. Institutional investors and hedge funds own 58.45% of the company’s stock.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, August 2nd. Analysts expect Commercial Vehicle Group to post earnings of $0.25 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last released its quarterly earnings data on Tuesday, May 2nd. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.14. Commercial Vehicle Group had a positive return on equity of 15.30% and a negative net margin of 1.73%. The business had revenue of $262.71 million for the quarter, compared to analysts’ expectations of $243.65 million. On average, analysts expect Commercial Vehicle Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Commercial Vehicle Group Stock Up 0.9 %
Commercial Vehicle Group stock traded up $0.09 during midday trading on Wednesday, reaching $10.50. The stock had a trading volume of 104,198 shares, compared to its average volume of 260,202. The stock has a market capitalization of $351.44 million, a P/E ratio of -19.64, a price-to-earnings-growth ratio of 0.52 and a beta of 2.95. Commercial Vehicle Group has a 1-year low of $4.03 and a 1-year high of $11.45. The firm’s fifty day simple moving average is $10.31 and its 200-day simple moving average is $8.62. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.28 and a current ratio of 2.04.
Institutional Trading of Commercial Vehicle Group
A number of institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. acquired a new position in shares of Commercial Vehicle Group during the 1st quarter worth $67,000. Bank of New York Mellon Corp raised its position in Commercial Vehicle Group by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 209,508 shares of the company’s stock valued at $1,770,000 after purchasing an additional 2,728 shares during the last quarter. Rhumbline Advisers raised its position in shares of Commercial Vehicle Group by 7.6% during the first quarter. Rhumbline Advisers now owns 37,176 shares of the company’s stock worth $314,000 after acquiring an additional 2,616 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Commercial Vehicle Group by 6.1% during the first quarter. Vanguard Group Inc. now owns 1,537,929 shares of the company’s stock worth $12,996,000 after acquiring an additional 88,130 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Commercial Vehicle Group by 0.5% during the first quarter. Gamco Investors INC. ET AL now owns 789,885 shares of the company’s stock worth $6,675,000 after acquiring an additional 3,800 shares during the last quarter. 58.45% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on CVGI. Barrington Research lifted their target price on Commercial Vehicle Group from $10.00 to $13.00 in a research note on Friday, May 5th. TheStreet upgraded Commercial Vehicle Group from a “d+” rating to a “c-” rating in a research note on Wednesday, May 17th. Finally, StockNews.com began coverage on Commercial Vehicle Group in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising.
Assenagon Asset Management S.A. lifted its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Free Report) by 68.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,575 shares of the company’s stock after acquiring an additional 19,401 shares during the quarter. Assenagon Asset Management S.A. owned 0.14% of Commercial Vehicle Group worth $347,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CVGI. Quantbot Technologies LP boosted its stake in shares of Commercial Vehicle Group by 133.3% during the 2nd quarter. Quantbot Technologies LP now owns 4,900 shares of the company’s stock worth $28,000 after acquiring an additional 2,800 shares in the last quarter. Jane Street Group LLC purchased a new position in Commercial Vehicle Group in the 2nd quarter valued at about $66,000. Advisor Group Holdings Inc. purchased a new position in Commercial Vehicle Group in the 1st quarter valued at about $67,000. Boothbay Fund Management LLC purchased a new position in Commercial Vehicle Group in the 4th quarter valued at about $92,000. Finally, AQR Capital Management LLC purchased a new position in Commercial Vehicle Group in the 2nd quarter valued at about $100,000. 58.45% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on CVGI. Barrington Research raised their price target on shares of Commercial Vehicle Group from $10.00 to $13.00 in a research note on Friday, May 5th. StockNews.com began coverage on shares of Commercial Vehicle Group in a research note on Thursday, May 18th. They issued a “strong-buy” rating on the stock. Finally, TheStreet raised shares of Commercial Vehicle Group from a “d+” rating to a “c-” rating in a research note on Wednesday, May 17th.
Commercial Vehicle Group Trading Up 2.6 %
CVGI opened at $10.86 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.04 and a quick ratio of 1.28. The company’s 50 day simple moving average is $10.17 and its two-hundred day simple moving average is $8.40. Commercial Vehicle Group, Inc. has a 1-year low of $4.03 and a 1-year high of $11.45. The firm has a market capitalization of $363.48 million, a price-to-earnings ratio of -20.49, a price-to-earnings-growth ratio of 0.52 and a beta of 2.95.
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. The business had revenue of $262.71 million during the quarter, compared to the consensus estimate of $243.65 million. Commercial Vehicle Group had a negative net margin of 1.73% and a positive return on equity of 15.30%. Analysts expect that Commercial Vehicle Group, Inc. will post 0.95 EPS for the current fiscal year.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies 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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Want to see what other hedge funds are holding CVGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Click the link below and we’ll send you MarketBeat’s list of the 10 best stocks to own in 2023 and why they should be in your portfolio.
Citigroup Inc. increased its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating) by 1,756.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,005 shares of the company’s stock after buying an additional 63,395 shares during the quarter. Citigroup Inc. owned 0.20% of Commercial Vehicle Group worth $456,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Millennium Management LLC bought a new stake in Commercial Vehicle Group during the 2nd quarter worth approximately $2,307,000. Forager Capital Management LLC raised its stake in Commercial Vehicle Group by 16.4% during the 3rd quarter. Forager Capital Management LLC now owns 2,217,606 shares of the company’s stock worth $9,979,000 after acquiring an additional 313,049 shares during the period. Invesco Ltd. raised its stake in Commercial Vehicle Group by 167.4% during the 1st quarter. Invesco Ltd. now owns 264,352 shares of the company’s stock worth $2,234,000 after acquiring an additional 165,476 shares during the period. Citadel Advisors LLC raised its stake in Commercial Vehicle Group by 994.8% during the 2nd quarter. Citadel Advisors LLC now owns 180,647 shares of the company’s stock worth $1,055,000 after acquiring an additional 164,147 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Commercial Vehicle Group by 9.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,161,654 shares of the company’s stock worth $5,227,000 after acquiring an additional 98,646 shares during the period. Hedge funds and other institutional investors own 53.06% of the company’s stock.
Insider Activity at Commercial Vehicle Group
In other Commercial Vehicle Group news, CFO Chung Kin Cheung bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 8th. The stock was purchased at an average cost of $7.45 per share, with a total value of $37,250.00. Following the completion of the acquisition, the chief financial officer now owns 38,742 shares in the company, valued at approximately $288,627.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is currently owned by insiders.
Commercial Vehicle Group Trading Down 0.7 %
Commercial Vehicle Group stock opened at $9.87 on Tuesday. The stock has a market cap of $330.35 million, a P/E ratio of -18.62, a PEG ratio of 0.50 and a beta of 2.97. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.04 and a quick ratio of 1.28. Commercial Vehicle Group, Inc. has a 1 year low of $4.03 and a 1 year high of $10.83. The firm’s 50 day moving average price is $8.50 and its 200-day moving average price is $7.73.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last posted its earnings results on Monday, March 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). Commercial Vehicle Group had a negative net margin of 1.73% and a positive return on equity of 15.30%. The business had revenue of $234.92 million during the quarter, compared to analysts’ expectations of $245.51 million. On average, equities analysts predict that Commercial Vehicle Group, Inc. will post 0.95 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. StockNews.com assumed coverage on shares of Commercial Vehicle Group in a research note on Thursday, May 18th. They set a “strong-buy” rating on the stock. Barrington Research lifted their price objective on shares of Commercial Vehicle Group from $10.00 to $13.00 in a research report on Friday, May 5th. Finally, TheStreet upgraded shares of Commercial Vehicle Group from a “d+” rating to a “c-” rating in a research report on Wednesday, May 17th.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls.
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Want to see what other hedge funds are holding CVGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On
“Company”) of his intention to resign as President and Chief Executive Officer
of the Company and as a member of the Company’s Board of Directors (the “Board”)
effective
Bevis’
matter, including any matter relating to its operations, policies or practices.
In connection with
directors on the Board will be reduced from seven to six directors effective
immediately following the Company’s 2023 Annual Meeting of Stockholders (the
“Annual Meeting”).
definitive proxy statement and proxy card for the Annual Meeting. In light of
his resignation,
the Annual Meeting, and the Company’s proxy materials are hereby deemed amended
to remove
nominees otherwise remains unchanged. Previously voted proxies remain valid,
other than with respect to
re-election, and the Company’s stockholders eligible to vote at the Annual
Meeting may continue to use their proxy cards to vote their shares as to the
Board’s remaining nominees and the other matters being voted on at the Annual
Meeting.
Board as the Company’s interim President and Chief Executive Officer, effective
Officer until his successor is chosen and qualified, or until his earlier
resignation or removal. The Company is the process of conducting a comprehensive
search for a permanent President and Chief Executive Officer and will name
Griffin’s
to serve as Chairman of the Board during the time that he is serving as interim
President and Chief Executive Officer.
elected Chairman in 2019.
financial sector until he retired from
Management Committee. Prior to joining
member of the
Securities
Executive Vice President and Head of Global Debt Capital Raising and as a
Management Council
public and private, including during the last five years, the boards of the
following public companies: The
Builders FirstSource, Inc. (ending in 2019).
In connection with
Executive Officer, the Company and
agreement providing for compensation and benefits consistent with his new role,
which the Company will disclose once finalized.
——————————————————————————–
© Edgar Online, source
Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating) – Research analysts at Barrington Research lowered their Q3 2024 earnings per share (EPS) estimates for Commercial Vehicle Group in a research report issued to clients and investors on Friday, May 5th. Barrington Research analyst G. Prestopino now anticipates that the company will earn $0.20 per share for the quarter, down from their prior forecast of $0.22. The consensus estimate for Commercial Vehicle Group’s current full-year earnings is $0.87 per share.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last posted its earnings results on Monday, March 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.12). Commercial Vehicle Group had a positive return on equity of 15.30% and a negative net margin of 1.73%. The business had revenue of $234.92 million for the quarter, compared to analyst estimates of $245.51 million.
CVGI has been the subject of several other reports. TheStreet cut Commercial Vehicle Group from a “c” rating to a “d+” rating in a research note on Tuesday, March 28th. StockNews.com raised Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 3rd.
Commercial Vehicle Group Trading Up 10.3 %
CVGI opened at $10.10 on Monday. The firm has a market cap of $338.05 million, a P/E ratio of -19.06, a P/E/G ratio of 0.67 and a beta of 3.00. The business has a fifty day simple moving average of $7.39 and a 200-day simple moving average of $7.06. Commercial Vehicle Group has a 52 week low of $4.03 and a 52 week high of $10.15. The company has a quick ratio of 1.12, a current ratio of 2.04 and a debt-to-equity ratio of 1.12.
Insider Buying and Selling
In related news, CFO Chung Kin Cheung bought 5,000 shares of the stock in a transaction on Monday, March 13th. The shares were purchased at an average price of $7.13 per share, for a total transaction of $35,650.00. Following the acquisition, the chief financial officer now owns 43,742 shares in the company, valued at $311,880.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.70% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Teton Advisors Inc. raised its position in shares of Commercial Vehicle Group by 2.7% in the 3rd quarter. Teton Advisors Inc. now owns 313,300 shares of the company’s stock worth $1,410,000 after buying an additional 8,307 shares during the period. Clifford Capital Partners LLC grew its stake in Commercial Vehicle Group by 16.6% in the third quarter. Clifford Capital Partners LLC now owns 88,778 shares of the company’s stock worth $400,000 after purchasing an additional 12,646 shares in the last quarter. Royce & Associates LP lifted its holdings in Commercial Vehicle Group by 14.8% in the third quarter. Royce & Associates LP now owns 1,887,997 shares of the company’s stock worth $8,496,000 after acquiring an additional 243,624 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Commercial Vehicle Group by 20.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 132,566 shares of the company’s stock worth $597,000 after acquiring an additional 22,089 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Commercial Vehicle Group by 68.9% during the first quarter. Assenagon Asset Management S.A. now owns 47,575 shares of the company’s stock valued at $347,000 after buying an additional 19,401 shares during the last quarter. Hedge funds and other institutional investors own 53.06% of the company’s stock.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls.
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Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) had its price target raised by stock analysts at Barrington Research from $10.00 to $13.00 in a report issued on Friday, The Fly reports. Barrington Research’s price objective would indicate a potential upside of 36.55% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. TheStreet lowered Commercial Vehicle Group from a “c” rating to a “d+” rating in a research report on Tuesday, March 28th. StockNews.com upgraded shares of Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.
Commercial Vehicle Group Price Performance
Shares of Commercial Vehicle Group stock traded up $0.36 during trading on Friday, reaching $9.52. 185,110 shares of the company’s stock were exchanged, compared to its average volume of 151,271. The firm’s 50-day moving average price is $7.35 and its 200 day moving average price is $6.98. The company has a market cap of $318.63 million, a P/E ratio of -17.96, a PEG ratio of 0.64 and a beta of 3.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.12 and a current ratio of 2.04. Commercial Vehicle Group has a 1-year low of $4.03 and a 1-year high of $9.62.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last posted its earnings results on Monday, March 6th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The company had revenue of $234.92 million during the quarter, compared to the consensus estimate of $245.51 million. Commercial Vehicle Group had a positive return on equity of 15.30% and a negative net margin of 1.73%. As a group, research analysts anticipate that Commercial Vehicle Group will post 0.66 earnings per share for the current year.
Insider Buying and Selling at Commercial Vehicle Group
In other news, CFO Chung Kin Cheung purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average price of $7.13 per share, for a total transaction of $35,650.00. Following the transaction, the chief financial officer now owns 43,742 shares of the company’s stock, valued at $311,880.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.70% of the company’s stock.
Hedge Funds Weigh In On Commercial Vehicle Group
Several hedge funds and other institutional investors have recently bought and sold shares of CVGI. Quantbot Technologies LP increased its position in shares of Commercial Vehicle Group by 133.3% during the second quarter. Quantbot Technologies LP now owns 4,900 shares of the company’s stock worth $28,000 after acquiring an additional 2,800 shares in the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Commercial Vehicle Group in the 1st quarter worth approximately $67,000. Jane Street Group LLC purchased a new position in Commercial Vehicle Group in the second quarter valued at approximately $66,000. Boothbay Fund Management LLC bought a new position in Commercial Vehicle Group during the fourth quarter valued at $92,000. Finally, Barclays PLC purchased a new stake in Commercial Vehicle Group in the first quarter worth $111,000. Institutional investors and hedge funds own 53.06% of the company’s stock.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Separately, TheStreet downgraded shares of Commercial Vehicle Group from a “c” rating to a “d+” rating in a research report on Tuesday, March 28th.
Commercial Vehicle Group Trading Up 2.5 %
Shares of CVGI stock opened at $7.28 on Wednesday. The firm has a market capitalization of $242.79 million, a PE ratio of -10.87, a PEG ratio of 0.49 and a beta of 3.00. The stock has a fifty day simple moving average of $7.63 and a two-hundred day simple moving average of $6.65. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.12 and a current ratio of 1.93. Commercial Vehicle Group has a 52-week low of $4.03 and a 52-week high of $9.02.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last released its quarterly earnings results on Monday, March 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The company had revenue of $234.92 million during the quarter, compared to analysts’ expectations of $245.51 million. Commercial Vehicle Group had a positive return on equity of 12.26% and a negative net margin of 2.24%. On average, analysts predict that Commercial Vehicle Group will post 0.67 EPS for the current fiscal year.
Insider Activity at Commercial Vehicle Group
In other Commercial Vehicle Group news, CFO Chung Kin Cheung purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was bought at an average price of $7.13 per share, with a total value of $35,650.00. Following the transaction, the chief financial officer now directly owns 43,742 shares of the company’s stock, valued at approximately $311,880.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is owned by insiders.
Institutional Investors Weigh In On Commercial Vehicle Group
Institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in Commercial Vehicle Group in the fourth quarter valued at $167,000. Morgan Stanley boosted its holdings in Commercial Vehicle Group by 6.4% during the fourth quarter. Morgan Stanley now owns 366,979 shares of the company’s stock worth $2,499,000 after buying an additional 22,034 shares in the last quarter. Man Group plc purchased a new stake in Commercial Vehicle Group during the fourth quarter worth about $135,000. Forager Capital Management LLC boosted its holdings in Commercial Vehicle Group by 18.5% during the fourth quarter. Forager Capital Management LLC now owns 2,627,619 shares of the company’s stock worth $18,868,000 after buying an additional 410,013 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Commercial Vehicle Group in the fourth quarter valued at about $92,000. 53.06% of the stock is owned by hedge funds and other institutional investors.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Commercial Vehicle Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Commercial Vehicle Group wasn’t on the list.
While Commercial Vehicle Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
