Private Advisor Group LLC Grows Stock Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Private Advisor Group LLC grew its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 79.0% during the third quarter, Holdings Channel reports. 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’s holdings in Commercial Vehicle Group were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CVGI. Allspring Global Investments Holdings LLC purchased a new stake in Commercial Vehicle Group during the second quarter valued at about $47,000. SG Americas Securities LLC bought a new stake in shares of Commercial Vehicle Group in the third quarter valued at approximately $47,000. Victory Capital Management Inc. purchased a new stake in shares of Commercial Vehicle Group during the 2nd quarter valued at approximately $76,000. Heron Bay Capital Management boosted its holdings in Commercial Vehicle Group by 20.5% in the 1st quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock worth $128,000 after buying an additional 3,390 shares during the period. Finally, Aristides Capital LLC bought a new position in Commercial Vehicle Group in the 1st quarter worth approximately $129,000. Institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Trading Up 3.4 %

Shares of Commercial Vehicle Group stock opened at $3.01 on Friday. The company’s 50-day moving average price is $3.24 and its 200-day moving average price is $4.44. The company has a current ratio of 2.06, a quick ratio of 1.27 and a debt-to-equity ratio of 0.73. Commercial Vehicle Group, Inc. has a 12-month low of $2.90 and a 12-month high of $7.34. The company has a market cap of $103.48 million, a price-to-earnings ratio of 3.14, a PEG ratio of 0.46 and a beta of 2.45.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its 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 firm had revenue of $229.91 million during the quarter, compared to analysts’ expectations of $237.69 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. On average, equities analysts expect that Commercial Vehicle Group, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CVGI shares. StockNews.com raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Monday, September 2nd. Barrington Research reiterated an “outperform” rating and set a $10.00 price objective on shares of Commercial Vehicle Group in a research note on Monday, August 5th.

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.