StockNews.com downgraded shares of Commercial Vehicle Group (NASDAQ:CVGI – Free Report) from a buy rating to a hold rating in a research note issued to investors on Thursday.
Separately, Barrington Research reissued an outperform rating and issued a $10.00 price target on shares of Commercial Vehicle Group in a report on Monday.
View Our Latest Report on Commercial Vehicle Group
Commercial Vehicle Group Stock Performance
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last announced its earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). Commercial Vehicle Group had a return on equity of 15.85% and a net margin of 4.53%. The company had revenue of $229.91 million for the quarter, compared to the consensus estimate of $237.69 million. During the same period last year, the firm posted $0.32 EPS. On average, research analysts anticipate that Commercial Vehicle Group will post 0.74 EPS for the current fiscal year.
Institutional Investors Weigh In On Commercial Vehicle Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC increased its holdings in Commercial Vehicle Group by 2.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 66,140 shares of the company’s stock valued at $464,000 after buying an additional 1,603 shares during the period. Panagora Asset Management Inc. grew its holdings in shares of Commercial Vehicle Group by 2.0% in the 4th quarter. Panagora Asset Management Inc. now owns 144,769 shares of the company’s stock worth $1,015,000 after purchasing an additional 2,903 shares during the last quarter. Heron Bay Capital Management grew its holdings in shares of 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 purchasing an additional 3,390 shares during the last quarter. Perritt Capital Management Inc. grew its holdings in shares of Commercial Vehicle Group by 4.7% in the 4th quarter. Perritt Capital Management Inc. now owns 75,900 shares of the company’s stock worth $532,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Commercial Vehicle Group by 5.3% in the 4th quarter. Strs Ohio now owns 71,000 shares of the company’s stock worth $497,000 after purchasing an additional 3,600 shares during the last quarter. Institutional investors own 72.32% 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.
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