Teachers Advisors LLC Acquires Shares of 44,774 Commercial Vehicle Group, Inc. (CVGI)
Teachers Advisors LLC acquired a new stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,774 shares of the company’s stock, valued at approximately $378,000. Teachers Advisors LLC owned approximately 0.15% of Commercial Vehicle Group as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in CVGI. ClariVest Asset Management LLC grew its holdings in Commercial Vehicle Group by 758.2% during the second quarter. ClariVest Asset Management LLC now owns 625,054 shares of the company’s stock worth $5,282,000 after acquiring an additional 552,225 shares during the period. AJO LP acquired a new position in Commercial Vehicle Group during the second quarter worth about $3,490,000. Royce & Associates LP grew its holdings in Commercial Vehicle Group by 17.5% during the second quarter. Royce & Associates LP now owns 1,848,637 shares of the company’s stock worth $15,621,000 after acquiring an additional 274,781 shares during the period. James Investment Research Inc. acquired a new position in Commercial Vehicle Group during the second quarter worth about $1,447,000. Finally, Renaissance Technologies LLC grew its holdings in Commercial Vehicle Group by 10.2% during the first quarter. Renaissance Technologies LLC now owns 1,242,000 shares of the company’s stock worth $8,408,000 after acquiring an additional 114,794 shares during the period. 72.54% of the stock is currently owned by hedge funds and other institutional investors.
Commercial Vehicle Group, Inc. (NASDAQ:CVGI) opened at $10.00 on Wednesday. The stock has a market capitalization of $306.58, a PE ratio of 29.41 and a beta of 0.85. Commercial Vehicle Group, Inc. has a fifty-two week low of $4.95 and a fifty-two week high of $10.43. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.11. The firm had revenue of $198.30 million for the quarter, compared to analysts’ expectations of $173.90 million. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. Commercial Vehicle Group’s revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. analysts anticipate that Commercial Vehicle Group, Inc. will post 0.32 EPS for the current year.
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CVGI has been the topic of a number of research analyst reports. Zacks Investment Research lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th.
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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