Commercial Vehicle Group, Inc. (NASDAQ:CVGI) CFO Acquires $31,400.00 in Stock

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) CFO Chung Kin Cheung purchased 4,000 shares of Commercial Vehicle Group stock in a transaction dated Friday, September 15th. The stock was acquired at an average price of $7.85 per share, for a total transaction of $31,400.00. Following the completion of the transaction, the chief financial officer now owns 100,920 shares in the company, valued at approximately $792,222. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Commercial Vehicle Group Stock Performance

Shares of NASDAQ:CVGI traded down $0.17 during trading hours on Monday, hitting $7.62. The stock had a trading volume of 107,553 shares, compared to its average volume of 250,141. The stock’s fifty day simple moving average is $9.65 and its 200 day simple moving average is $9.05. The firm has a market capitalization of $257.10 million, a price-to-earnings ratio of -24.90, a PEG ratio of 0.35 and a beta of 2.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.34 and a current ratio of 2.07. Commercial Vehicle Group, Inc. has a 1-year low of $4.03 and a 1-year high of $11.96.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. The business had revenue of $262.19 million during the quarter, compared to analyst estimates of $261.07 million. Commercial Vehicle Group had a positive return on equity of 19.81% and a negative net margin of 0.95%. Sell-side analysts anticipate that Commercial Vehicle Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Forager Capital Management LLC increased its stake in Commercial Vehicle Group by 11.9% during the 1st quarter. Forager Capital Management LLC now owns 2,940,950 shares of the company’s stock valued at $21,469,000 after buying an additional 313,331 shares during the period. BlackRock Inc. increased its stake in shares of Commercial Vehicle Group by 336.2% during the second quarter. BlackRock Inc. now owns 2,162,503 shares of the company’s stock valued at $24,004,000 after acquiring an additional 1,666,757 shares during the period. Royce & Associates LP raised its holdings in Commercial Vehicle Group by 2.8% during the first quarter. Royce & Associates LP now owns 2,010,697 shares of the company’s stock worth $14,678,000 after purchasing an additional 54,000 shares in the last quarter. Renaissance Technologies LLC lifted its position in Commercial Vehicle Group by 13.3% in the second quarter. Renaissance Technologies LLC now owns 2,001,804 shares of the company’s stock worth $22,220,000 after purchasing an additional 235,000 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Commercial Vehicle Group by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 1,537,929 shares of the company’s stock valued at $12,996,000 after purchasing an additional 88,130 shares in the last quarter. 70.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CVGI has been the subject of a number of research reports. StockNews.com initiated coverage on Commercial Vehicle Group in a research note on Thursday, August 17th. They issued a “strong-buy” rating for the company. Barrington Research restated an “outperform” rating and set a $13.00 price objective on shares of Commercial Vehicle Group in a research note on Monday, August 7th.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.