Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Shares Bought by State Street Corp

State Street Corp increased its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,880 shares of the company’s stock after buying an additional 4,527 shares during the period. State Street Corp owned about 1.87% of Commercial Vehicle Group worth $2,096,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Commercial Vehicle Group by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 264,550 shares of the company’s stock worth $1,296,000 after acquiring an additional 13,992 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Commercial Vehicle Group in the 2nd quarter valued at approximately $47,000. Rhumbline Advisers grew its holdings in Commercial Vehicle Group by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock valued at $243,000 after buying an additional 4,130 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Commercial Vehicle Group during the second quarter worth $76,000. Finally, Private Advisor Group LLC acquired a new position in shares of Commercial Vehicle Group in the second quarter worth $603,000. 72.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Wayne M. Rancourt acquired 15,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $2.58 per share, with a total value of $38,700.00. Following the purchase, the director now directly owns 157,783 shares in the company, valued at $407,080.14. The trade was a 10.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.30% of the company’s stock.

Commercial Vehicle Group Stock Performance

Shares of CVGI opened at $2.48 on Thursday. The company has a market capitalization of $85.56 million, a price-to-earnings ratio of 2.43, a PEG ratio of 1.05 and a beta of 2.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31. Commercial Vehicle Group, Inc. has a 1 year low of $2.08 and a 1 year high of $7.02. The company’s 50 day simple moving average is $2.50 and its 200 day simple moving average is $3.48.

Analysts Set New Price Targets

Separately, StockNews.com lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

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.