SG Americas Securities LLC Acquires New Shares in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

SG Americas Securities LLC acquired a new stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,377 shares of the company’s stock, valued at approximately $47,000.

A number of other large investors have also made changes to their positions in CVGI. Allspring Global Investments Holdings LLC bought a new stake in shares of Commercial Vehicle Group in the 2nd quarter valued at $47,000. Victory Capital Management Inc. acquired a new stake in shares of Commercial Vehicle Group in the 2nd quarter valued at about $76,000. Heron Bay Capital Management raised its stake in shares of Commercial Vehicle Group by 20.5% in the 1st quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after purchasing an additional 3,390 shares during the period. Aristides Capital LLC acquired a new stake in shares of Commercial Vehicle Group in the 1st quarter valued at about $129,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Commercial Vehicle Group in the 1st quarter valued at about $145,000. Institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Price Performance

NASDAQ:CVGI opened at $3.08 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.27 and a current ratio of 2.06. The stock’s 50-day simple moving average is $3.29 and its 200 day simple moving average is $4.51. The company has a market cap of $105.88 million, a P/E ratio of 2.35, a P/E/G ratio of 0.46 and a beta of 2.45. Commercial Vehicle Group, Inc. has a 52-week low of $2.92 and a 52-week high of $7.34.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). The company had revenue of $229.91 million during the quarter, compared to analyst estimates of $237.69 million. Commercial Vehicle Group had a net margin of 3.42% and a return on equity of 10.07%. During the same period in the prior year, the firm posted $0.32 EPS. As a group, sell-side analysts forecast that Commercial Vehicle Group, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CVGI. Barrington Research reissued an “outperform” rating and issued a $10.00 price target on shares of Commercial Vehicle Group in a research note on Monday, August 5th. StockNews.com raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Commercial Vehicle Group Company 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.