According to Zacks, “Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets. The company’s products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry and floor systems, mirrors, wiper systems, controls and switches specifically designed for applications in commercial vehicle cabs. “
Separately, Seaport Global Securities lowered shares of Commercial Vehicle Group from a buy rating to a neutral rating and set a $5.00 target price on the stock. in a report on Wednesday, July 6th.
Shares of Commercial Vehicle Group (NASDAQ:CVGI) opened at 5.69 on Wednesday. The company has a market capitalization of $174.22 million, a P/E ratio of 30.11 and a beta of 1.82. Commercial Vehicle Group has a 12-month low of $2.02 and a 12-month high of $6.00. The company has a 50 day moving average of $5.55 and a 200-day moving average of $4.19.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Thursday, August 4th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. Commercial Vehicle Group had a net margin of 0.74% and a return on equity of 10.83%. On average, equities analysts anticipate that Commercial Vehicle Group will post $0.21 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of CVGI. ClariVest Asset Management LLC bought a new stake in shares of Commercial Vehicle Group during the second quarter worth approximately $383,000. LMR Partners LLP bought a new stake in shares of Commercial Vehicle Group during the second quarter worth approximately $158,000. Lucus Advisors LLC bought a new stake in shares of Commercial Vehicle Group during the second quarter worth approximately $256,000. Smith Asset Management Group LP bought a new stake in shares of Commercial Vehicle Group during the second quarter worth approximately $352,000. Finally, Acadian Asset Management LLC raised its stake in shares of Commercial Vehicle Group by 216.5% in the second quarter. Acadian Asset Management LLC now owns 463,342 shares of the company’s stock worth $2,409,000 after buying an additional 316,933 shares in the last quarter. 56.65% of the stock is currently owned by institutional investors and hedge funds.
Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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