RBF Capital LLC Has $2.27 Million Stake in Commercial Vehicle Group, Inc. $CVGI

RBF Capital LLC reduced its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 664,335 shares of the company’s stock after selling 141,544 shares during the period. RBF Capital LLC owned about 1.83% of Commercial Vehicle Group worth $2,265,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Engineers Gate Manager LP raised its position in Commercial Vehicle Group by 87.1% in the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after buying an additional 9,364 shares during the last quarter. Bank of America Corp DE boosted its position in Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after acquiring an additional 10,242 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Commercial Vehicle Group by 14.8% during the 4th quarter. Jane Street Group LLC now owns 90,989 shares of the company’s stock worth $131,000 after acquiring an additional 11,742 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Commercial Vehicle Group by 2.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company’s stock worth $858,000 after acquiring an additional 14,818 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Commercial Vehicle Group by 34.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 78,421 shares of the company’s stock valued at $113,000 after purchasing an additional 20,058 shares during the last quarter. 72.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CVGI has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Tuesday, June 9th. Noble Financial reissued an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Barrington Research restated an “outperform” rating and set a $6.00 price objective on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Commercial Vehicle Group has a consensus rating of “Hold” and a consensus price target of $6.00.

Commercial Vehicle Group Trading Down 3.1%

Shares of Commercial Vehicle Group stock opened at $4.34 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.20. The business has a fifty day simple moving average of $4.89 and a two-hundred day simple moving average of $3.63. Commercial Vehicle Group, Inc. has a 1 year low of $1.29 and a 1 year high of $5.88. The company has a market capitalization of $158.50 million, a price-to-earnings ratio of -8.35 and a beta of 1.43.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.04. The firm had revenue of $171.50 million for the quarter, compared to the consensus estimate of $159.97 million. Commercial Vehicle Group had a negative net margin of 2.70% and a negative return on equity of 12.47%. Research analysts forecast that Commercial Vehicle Group, Inc. will post -0.09 EPS for the current year.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on?highway, off?highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy?duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.