Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,367,020 shares of the company’s stock after selling 45,802 shares during the period. Dimensional Fund Advisors LP owned 3.98% of Commercial Vehicle Group worth $6,699,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in shares of Commercial Vehicle Group during the 4th quarter worth about $2,753,000. Empowered Funds LLC grew its holdings in Commercial Vehicle Group by 56.1% in the first quarter. Empowered Funds LLC now owns 87,743 shares of the company’s stock valued at $564,000 after purchasing an additional 31,545 shares during the period. Vanguard Group Inc. grew its holdings in Commercial Vehicle Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock valued at $10,812,000 after purchasing an additional 48,443 shares during the period. Perritt Capital Management Inc. lifted its position in shares of Commercial Vehicle Group by 4.7% during the 4th quarter. Perritt Capital Management Inc. now owns 75,900 shares of the company’s stock valued at $532,000 after buying an additional 3,400 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in 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 acquiring an additional 4,130 shares during the period. Institutional investors and hedge funds own 72.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Commercial Vehicle Group Stock Down 3.2 %

NASDAQ CVGI opened at $3.02 on Wednesday. The business has a fifty day moving average price of $3.52 and a 200 day moving average price of $4.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.27 and a current ratio of 2.06. The company has a market cap of $103.82 million, a P/E ratio of 2.31, a P/E/G ratio of 0.51 and a beta of 2.45. Commercial Vehicle Group, Inc. has a one year low of $2.92 and a one year high of $7.91.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, August 5th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). The business had revenue of $229.91 million during the quarter, compared to analyst estimates of $237.69 million. Commercial Vehicle Group had a net margin of 3.42% and a return on equity of 10.07%. During the same quarter last year, the company earned $0.32 earnings per share. Research analysts anticipate that Commercial Vehicle Group, Inc. will post 0.3 EPS for the current fiscal year.

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.