Northern Trust Corp cut its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,184 shares of the company’s stock after selling 12,344 shares during the period. Northern Trust Corp owned about 1.14% of Commercial Vehicle Group worth $2,006,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Commercial Vehicle Group by 0.3% in the 4th quarter. BlackRock Inc. now owns 1,914,761 shares of the company’s stock valued at $10,913,000 after acquiring an additional 5,740 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Commercial Vehicle Group by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,754,193 shares of the company’s stock valued at $16,068,000 after purchasing an additional 31,379 shares in the last quarter. Vanguard Group Inc boosted its holdings in Commercial Vehicle Group by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 1,353,659 shares of the company’s stock valued at $12,400,000 after purchasing an additional 21,001 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Commercial Vehicle Group by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,353,659 shares of the company’s stock valued at $12,400,000 after purchasing an additional 21,001 shares in the last quarter. Finally, Clearstead Advisors LLC purchased a new stake in Commercial Vehicle Group in the 4th quarter valued at approximately $4,446,000. Institutional investors own 76.51% of the company’s stock.
Shares of NASDAQ:CVGI traded down $0.01 during trading on Wednesday, hitting $7.08. 195,448 shares of the stock were exchanged, compared to its average volume of 226,830. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.38 and a quick ratio of 1.68. Commercial Vehicle Group, Inc. has a 12-month low of $5.35 and a 12-month high of $10.28. The firm has a market capitalization of $221.31 million, a price-to-earnings ratio of 4.85 and a beta of 2.39.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Commercial Vehicle Group had a return on equity of 38.85% and a net margin of 4.95%. The firm had revenue of $223.60 million during the quarter, compared to the consensus estimate of $215.00 million.
Several brokerages have recently commented on CVGI. BidaskClub raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Friday, March 15th. Finally, ValuEngine raised Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $9.00.
Commercial Vehicle Group Profile
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.
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