Barclays PLC Grows Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Barclays PLC increased its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 283.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,156 shares of the company’s stock after acquiring an additional 32,633 shares during the quarter. Barclays PLC’s holdings in Commercial Vehicle Group were worth $143,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CVGI. Bank of New York Mellon Corp grew its stake in shares of Commercial Vehicle Group by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 264,550 shares of the company’s stock worth $1,296,000 after buying an additional 13,992 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Commercial Vehicle Group in the 2nd quarter valued at approximately $47,000. Rhumbline Advisers lifted its stake in shares of Commercial Vehicle Group by 9.1% in the 2nd quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock valued at $243,000 after purchasing an additional 4,130 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of Commercial Vehicle Group during the 2nd quarter valued at approximately $76,000. Finally, Private Advisor Group LLC purchased a new stake in Commercial Vehicle Group during the 2nd quarter valued at $603,000. 72.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Commercial Vehicle Group Price Performance

Shares of CVGI stock opened at $2.22 on Wednesday. The stock has a 50 day moving average price of $2.44 and a 200 day moving average price of $3.39. Commercial Vehicle Group, Inc. has a 52-week low of $2.08 and a 52-week high of $6.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31. The firm has a market capitalization of $76.59 million, a P/E ratio of 2.18, a P/E/G ratio of 1.05 and a beta of 2.38.

Insider Transactions at Commercial Vehicle Group

In other news, Director Wayne M. Rancourt purchased 15,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $2.58 per share, for a total transaction of $38,700.00. Following the completion of the acquisition, the director now owns 157,783 shares of the company’s stock, valued at approximately $407,080.14. This trade represents a 10.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.30% of the company’s stock.

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.