JPMorgan Chase & Co. Acquires 24,437 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

JPMorgan Chase & Co. raised its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 51.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,333 shares of the company’s stock after buying an additional 24,437 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of Commercial Vehicle Group worth $235,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CVGI. Geode Capital Management LLC increased its position in Commercial Vehicle Group by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 704,325 shares of the company’s stock valued at $2,289,000 after purchasing an additional 16,145 shares during the period. Private Advisor Group LLC increased its position in shares of Commercial Vehicle Group by 79.0% during the third quarter. Private Advisor Group LLC now owns 220,051 shares of the company’s stock valued at $715,000 after buying an additional 97,091 shares during the period. State Street Corp raised its stake in Commercial Vehicle Group by 0.7% in the third quarter. State Street Corp now owns 644,880 shares of the company’s stock worth $2,096,000 after buying an additional 4,527 shares in the last quarter. Barclays PLC lifted its holdings in Commercial Vehicle Group by 283.2% in the third quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after buying an additional 32,633 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Commercial Vehicle Group by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 99,361 shares of the company’s stock worth $323,000 after acquiring an additional 4,958 shares during the period. 72.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Commercial Vehicle Group Stock Down 4.1 %

Shares of NASDAQ:CVGI opened at $2.09 on Friday. Commercial Vehicle Group, Inc. has a 12-month low of $2.02 and a 12-month high of $6.97. The stock has a market capitalization of $72.11 million, a price-to-earnings ratio of 2.05, a PEG ratio of 0.45 and a beta of 2.38. The stock has a fifty day simple moving average of $2.29 and a two-hundred day simple moving average of $3.07. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70.

Insider Transactions at Commercial Vehicle Group

In other Commercial Vehicle Group news, Director Wayne M. Rancourt bought 15,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of $2.58 per share, with a total value of $38,700.00. Following the transaction, the director now owns 157,783 shares in the company, valued at $407,080.14. This represents a 10.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.30% of the company’s stock.

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.