Petrus Trust Company LTA Purchases Shares of 36,084 Commercial Vehicle Group, Inc. (CVGI)
Petrus Trust Company LTA purchased a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 36,084 shares of the company’s stock, valued at approximately $305,000. Petrus Trust Company LTA owned approximately 0.12% of Commercial Vehicle Group as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVGI. Bank of New York Mellon Corp lifted its position in shares of Commercial Vehicle Group by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 115,861 shares of the company’s stock worth $785,000 after buying an additional 1,439 shares during the last quarter. Sei Investments Co. lifted its position in shares of Commercial Vehicle Group by 66.2% during the 1st quarter. Sei Investments Co. now owns 111,717 shares of the company’s stock worth $757,000 after buying an additional 44,486 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Commercial Vehicle Group during the 1st quarter worth approximately $155,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Commercial Vehicle Group during the 1st quarter worth approximately $295,000. Finally, ClariVest Asset Management LLC lifted its position in shares of Commercial Vehicle Group by 5.3% during the 1st quarter. ClariVest Asset Management LLC now owns 72,829 shares of the company’s stock worth $493,000 after buying an additional 3,675 shares during the last quarter. Institutional investors own 73.62% of the company’s stock.
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Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) traded up 5.00% during mid-day trading on Friday, hitting $7.35. 413,971 shares of the stock traded hands. The stock has a 50-day moving average of $6.66 and a 200 day moving average of $7.51. The stock has a market cap of $219.57 million, a PE ratio of 96.71 and a beta of 0.71. Commercial Vehicle Group, Inc. has a one year low of $4.36 and a one year high of $9.62.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Monday, August 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The business had revenue of $195.13 million during the quarter, compared to analyst estimates of $186.20 million. Commercial Vehicle Group had a return on equity of 10.65% and a net margin of 0.34%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. Equities analysts predict that Commercial Vehicle Group, Inc. will post $0.36 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th.
Commercial Vehicle Group 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.
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