Mackenzie Financial Corp Trims Stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

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Mackenzie Financial Corp trimmed its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 89.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 33,401 shares of the company’s stock after selling 276,378 shares during the period. Mackenzie Financial Corp’s holdings in Commercial Vehicle Group were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CVGI. Metropolitan Life Insurance Co NY purchased a new stake in shares of Commercial Vehicle Group in the 1st quarter worth $67,000. Russell Investments Group Ltd. increased its stake in shares of Commercial Vehicle Group by 88.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 9,496 shares of the company’s stock worth $76,000 after purchasing an additional 4,450 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Commercial Vehicle Group in the 1st quarter worth $112,000. WINTON GROUP Ltd purchased a new stake in shares of Commercial Vehicle Group in the 2nd quarter worth $119,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Commercial Vehicle Group by 157.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 16,800 shares of the company’s stock worth $134,000 after purchasing an additional 10,279 shares in the last quarter. Hedge funds and other institutional investors own 82.06% of the company’s stock.

Shares of CVGI stock opened at $7.23 on Friday. Commercial Vehicle Group, Inc. has a 52-week low of $5.35 and a 52-week high of $9.77. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.77 and a current ratio of 2.45. The firm has a market capitalization of $220.55 million, a PE ratio of 4.95, a PEG ratio of 0.58 and a beta of 2.76. The stock has a fifty day simple moving average of $6.86 and a two-hundred day simple moving average of $7.53.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter. Commercial Vehicle Group had a return on equity of 30.50% and a net margin of 4.25%. The business had revenue of $243.19 million during the quarter. On average, sell-side analysts forecast that Commercial Vehicle Group, Inc. will post 1.21 EPS for the current fiscal year.

CVGI has been the subject of several analyst reports. Dougherty & Co initiated coverage on Commercial Vehicle Group in a research note on Tuesday, August 27th. They issued a “neutral” rating for the company. BidaskClub upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Barrington Research increased their price target on Commercial Vehicle Group from $7.50 to $8.50 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Finally, ValuEngine upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.83.

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, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.

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Institutional Ownership by Quarter for Commercial Vehicle Group (NASDAQ:CVGI)

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