Commercial Vehicle Group (CVGI) Downgraded to Sell at BidaskClub

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BidaskClub lowered shares of Commercial Vehicle Group (NASDAQ:CVGI) from a hold rating to a sell rating in a report published on Friday.

CVGI has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Commercial Vehicle Group from a buy rating to a hold rating in a report on Monday, July 9th. ValuEngine lowered shares of Commercial Vehicle Group from a hold rating to a sell rating in a report on Tuesday.

Shares of Commercial Vehicle Group stock remained flat at $$7.87 during midday trading on Friday. 204,280 shares of the company were exchanged, compared to its average volume of 280,685. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $284.46 million, a price-to-earnings ratio of 17.89 and a beta of 1.74. Commercial Vehicle Group has a fifty-two week low of $6.58 and a fifty-two week high of $13.90.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $233.39 million during the quarter, compared to analyst estimates of $232.60 million. Commercial Vehicle Group had a net margin of 2.46% and a return on equity of 38.01%. Equities analysts anticipate that Commercial Vehicle Group will post 1.4 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Commercial Vehicle Group by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,722,814 shares of the company’s stock worth $12,645,000 after acquiring an additional 67,491 shares during the period. BlackRock Inc. grew its holdings in Commercial Vehicle Group by 25.0% during the 2nd quarter. BlackRock Inc. now owns 1,701,349 shares of the company’s stock worth $12,487,000 after acquiring an additional 340,003 shares during the period. Eagle Boston Investment Management Inc. boosted its position in shares of Commercial Vehicle Group by 10.1% during the second quarter. Eagle Boston Investment Management Inc. now owns 1,208,690 shares of the company’s stock worth $8,871,000 after purchasing an additional 111,121 shares in the last quarter. Glenmede Trust Co. NA bought a new position in shares of Commercial Vehicle Group during the second quarter worth $8,361,000. Finally, Aristotle Capital Boston LLC boosted its position in shares of Commercial Vehicle Group by 2.3% during the second quarter. Aristotle Capital Boston LLC now owns 1,076,646 shares of the company’s stock worth $7,903,000 after purchasing an additional 23,996 shares in the last quarter. 77.25% of the stock is owned by hedge funds and other institutional investors.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.

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