Royce & Associates LP Has $7.02 Million Stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Royce & Associates LP decreased its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,159,806 shares of the company’s stock after selling 274,302 shares during the quarter. Royce & Associates LP owned approximately 6.28% of Commercial Vehicle Group worth $7,019,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Commercial Vehicle Group during the second quarter worth $47,000. SG Americas Securities LLC acquired a new position in Commercial Vehicle Group during the third quarter worth $47,000. Victory Capital Management Inc. acquired a new position in Commercial Vehicle Group during the second quarter worth $76,000. Heron Bay Capital Management boosted its holdings in Commercial Vehicle Group by 20.5% during the first 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. Finally, Aristides Capital LLC acquired a new stake in Commercial Vehicle Group in the first quarter valued at $129,000. Institutional investors and hedge funds own 72.32% of the company’s stock.

Commercial Vehicle Group Stock Performance

Shares of CVGI stock opened at $2.48 on Monday. The company has a fifty day moving average price of $3.06 and a two-hundred day moving average price of $4.17. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. The stock has a market cap of $85.56 million, a P/E ratio of 2.43, a P/E/G ratio of 1.07 and a beta of 2.46. Commercial Vehicle Group, Inc. has a one year low of $2.11 and a one year high of $7.34.

Analyst Upgrades and Downgrades

CVGI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barrington Research reiterated an “outperform” rating and issued a $10.00 price target on shares of Commercial Vehicle Group in a research note on Monday, August 5th.

Insider Transactions at Commercial Vehicle Group

In related news, Director Wayne M. Rancourt bought 15,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was bought at an average price of $2.58 per share, for a total transaction of $38,700.00. Following the purchase, the director now owns 157,783 shares in the company, valued at $407,080.14. This represents a 10.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Commercial Vehicle Group 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.