Private Advisor Group LLC Acquires 97,091 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Private Advisor Group LLC boosted its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 79.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 220,051 shares of the company’s stock after purchasing an additional 97,091 shares during the quarter. Private Advisor Group LLC owned about 0.64% of Commercial Vehicle Group worth $715,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in shares of Commercial Vehicle Group by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 731,356 shares of the company’s stock valued at $3,584,000 after acquiring an additional 85,102 shares in the last quarter. Huber Capital Management LLC increased its stake in Commercial Vehicle Group by 9.3% in the first quarter. Huber Capital Management LLC now owns 749,163 shares of the company’s stock valued at $4,817,000 after purchasing an additional 63,888 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Commercial Vehicle Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock valued at $10,812,000 after purchasing an additional 48,443 shares during the period. Perritt Capital Management Inc boosted its position in shares of Commercial Vehicle Group by 43.8% during the 2nd quarter. Perritt Capital Management Inc now owns 114,900 shares of the company’s stock worth $563,000 after purchasing an additional 35,000 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its stake in shares of Commercial Vehicle Group by 34.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 132,493 shares of the company’s stock valued at $649,000 after buying an additional 34,172 shares during the period. 72.32% of the stock is owned by institutional investors and hedge funds.

Commercial Vehicle Group Price Performance

CVGI stock opened at $3.01 on Friday. 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 business has a 50-day simple moving average of $3.24 and a two-hundred day simple moving average of $4.44. The company has a market capitalization of $103.48 million, a P/E ratio of 3.14, a price-to-earnings-growth ratio of 0.46 and a beta of 2.45. Commercial Vehicle Group, Inc. has a 52-week low of $2.90 and a 52-week high of $7.34.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.11). Commercial Vehicle Group had a return on equity of 10.07% and a net margin of 3.42%. The company had revenue of $229.91 million for the quarter, compared to the consensus estimate of $237.69 million. During the same quarter last year, the company posted $0.32 EPS. Research analysts expect that Commercial Vehicle Group, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

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

About Commercial Vehicle Group

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.