Tower Research Capital LLC TRC Acquires 5,763 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Tower Research Capital LLC TRC boosted its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 256.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,006 shares of the company’s stock after buying an additional 5,763 shares during the period. Tower Research Capital LLC TRC’s holdings in Commercial Vehicle Group were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its holdings in Commercial Vehicle Group by 60.8% during the 3rd quarter. Acadian Asset Management LLC now owns 759,387 shares of the company’s stock worth $5,891,000 after purchasing an additional 287,267 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Commercial Vehicle Group by 326.9% in the third quarter. Assenagon Asset Management S.A. now owns 317,634 shares of the company’s stock valued at $2,465,000 after acquiring an additional 243,226 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Commercial Vehicle Group by 608.2% in the third quarter. Los Angeles Capital Management LLC now owns 238,387 shares of the company’s stock valued at $1,850,000 after acquiring an additional 204,728 shares during the period. Federated Hermes Inc. purchased a new position in Commercial Vehicle Group during the fourth quarter valued at approximately $369,000. Finally, Panagora Asset Management Inc. increased its holdings in Commercial Vehicle Group by 55.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 141,866 shares of the company’s stock worth $1,101,000 after acquiring an additional 50,540 shares during the period. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Price Performance

CVGI stock traded down $0.04 during mid-day trading on Monday, hitting $6.14. 81,801 shares of the stock were exchanged, compared to its average volume of 116,491. The business has a fifty day moving average price of $6.35 and a 200 day moving average price of $6.52. Commercial Vehicle Group, Inc. has a 12 month low of $5.48 and a 12 month high of $11.96. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.26 and a quick ratio of 1.38. The stock has a market capitalization of $208.02 million, a price-to-earnings ratio of 4.15, a PEG ratio of 0.34 and a beta of 2.72.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). Commercial Vehicle Group had a return on equity of 20.22% and a net margin of 4.97%. The firm had revenue of $223.09 million during the quarter, compared to the consensus estimate of $225.22 million. During the same quarter in the previous year, the firm earned $0.04 EPS. On average, sell-side analysts anticipate that Commercial Vehicle Group, Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CVGI. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Commercial Vehicle Group in a report on Monday, March 4th. StockNews.com cut Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, TheStreet raised Commercial Vehicle Group from a “d+” rating to a “c” rating in a report on Monday, March 4th.

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.