Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Director Scott C. Arves sold 8,500 shares of Commercial Vehicle Group stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $9.30, for a total transaction of $79,050.00. Following the completion of the transaction, the director now owns 107,606 shares in the company, valued at approximately $1,000,735.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) traded up 0.25% during trading on Friday, hitting $7.94. 130,237 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $8.32 and its 200 day moving average price is $6.36. The firm has a market cap of $244.91 million, a price-to-earnings ratio of 49.62 and a beta of 0.84. Commercial Vehicle Group, Inc. has a 12-month low of $3.40 and a 12-month high of $9.62.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The business had revenue of $149.97 million during the quarter, compared to the consensus estimate of $153.10 million. Commercial Vehicle Group had a return on equity of 9.49% and a net margin of 0.59%. The firm’s revenue was down 18.8% compared to the same quarter last year. Equities analysts forecast that Commercial Vehicle Group, Inc. will post $0.41 earnings per share for the current fiscal year.

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CVGI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Friday, March 31st. Seaport Global Securities cut their price target on shares of Commercial Vehicle Group from $11.00 to $8.50 and set a “buy” rating on the stock in a report on Monday, May 8th.

Large investors have recently bought and sold shares of the stock. Numeric Investors LLC increased its stake in Commercial Vehicle Group by 44.7% in the fourth quarter. Numeric Investors LLC now owns 1,039,543 shares of the company’s stock valued at $5,749,000 after buying an additional 321,252 shares during the last quarter. GSA Capital Partners LLP increased its stake in Commercial Vehicle Group by 17.4% in the fourth quarter. GSA Capital Partners LLP now owns 239,437 shares of the company’s stock valued at $1,324,000 after buying an additional 35,422 shares during the last quarter. A.R.T. Advisors LLC increased its stake in Commercial Vehicle Group by 202.6% in the fourth quarter. A.R.T. Advisors LLC now owns 33,886 shares of the company’s stock valued at $187,000 after buying an additional 22,686 shares during the last quarter. Renaissance Technologies LLC increased its stake in Commercial Vehicle Group by 25.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,127,206 shares of the company’s stock valued at $6,233,000 after buying an additional 227,606 shares during the last quarter. Finally, Royce & Associates LP increased its stake in Commercial Vehicle Group by 20.5% in the fourth quarter. Royce & Associates LP now owns 1,161,501 shares of the company’s stock valued at $6,423,000 after buying an additional 197,804 shares during the last quarter. 62.12% of the stock is owned by institutional investors and hedge funds.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

12 Month Chart for NASDAQ:CVGI

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