173,723 Shares in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the fourth quarter, Holdings Channel reports. The fund purchased 173,723 shares of the company’s stock, valued at approximately $431,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of Commercial Vehicle Group by 5.9% during the 4th quarter. Empowered Funds LLC now owns 105,246 shares of the company’s stock worth $261,000 after purchasing an additional 5,885 shares during the last quarter. SG Americas Securities LLC raised its stake in Commercial Vehicle Group by 54.3% in the fourth quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock valued at $55,000 after buying an additional 7,803 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Commercial Vehicle Group by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company’s stock worth $235,000 after buying an additional 24,437 shares during the last quarter. Barclays PLC increased its holdings in shares of Commercial Vehicle Group by 283.2% in the 3rd quarter. Barclays PLC now owns 44,156 shares of the company’s stock valued at $143,000 after acquiring an additional 32,633 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Commercial Vehicle Group by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 704,325 shares of the company’s stock worth $2,289,000 after acquiring an additional 16,145 shares in the last quarter. Institutional investors and hedge funds own 72.32% of the company’s stock.

Commercial Vehicle Group Price Performance

Shares of NASDAQ:CVGI opened at $0.94 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. Commercial Vehicle Group, Inc. has a 12 month low of $0.93 and a 12 month high of $6.55. The firm has a market capitalization of $32.69 million, a P/E ratio of 0.93, a P/E/G ratio of 0.43 and a beta of 2.21. The company’s fifty day moving average price is $1.72 and its 200 day moving average price is $2.30.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, March 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $163.29 million during the quarter, compared to analysts’ expectations of $158.37 million. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. As a group, sell-side analysts predict that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Commercial Vehicle Group from a “hold” rating to a “sell” rating in a report on Friday, March 21st.

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.