Geode Capital Management LLC Purchases 16,145 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Geode Capital Management LLC raised its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 704,325 shares of the company’s stock after purchasing an additional 16,145 shares during the period. Geode Capital Management LLC’s holdings in Commercial Vehicle Group were worth $2,289,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Commercial Vehicle Group in the second quarter worth $47,000. SG Americas Securities LLC bought a new position in shares of Commercial Vehicle Group in the third quarter worth approximately $47,000. Victory Capital Management Inc. purchased a new stake in Commercial Vehicle Group in the second quarter valued at approximately $76,000. BNP Paribas Financial Markets lifted its position in Commercial Vehicle Group by 129.9% during the third quarter. BNP Paribas Financial Markets now owns 43,869 shares of the company’s stock valued at $143,000 after purchasing an additional 24,786 shares during the last quarter. Finally, Barclays PLC grew its stake in Commercial Vehicle Group by 283.2% in the 3rd quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after buying an additional 32,633 shares in the last quarter. 72.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Wayne M. Rancourt bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of $2.58 per share, with a total value of $38,700.00. Following the completion of the purchase, the director now directly 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 purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Commercial Vehicle Group Stock Performance

Commercial Vehicle Group stock opened at $2.22 on Wednesday. The firm has a fifty day simple moving average of $2.44 and a two-hundred day simple moving average of $3.39. Commercial Vehicle Group, Inc. has a twelve month low of $2.08 and a twelve month high of $6.97. The company has a market capitalization of $76.59 million, a PE ratio of 2.18, a P/E/G ratio of 1.05 and a beta of 2.38. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70.

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.