California State Teachers Retirement System purchased a new stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 44,600 shares of the company’s stock, valued at approximately $377,000. California State Teachers Retirement System owned approximately 0.15% of Commercial Vehicle Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CVGI. The Manufacturers Life Insurance Company boosted its holdings in Commercial Vehicle Group by 10,810.0% in the second quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock worth $195,000 after acquiring an additional 22,809 shares in the last quarter. State Street Corp boosted its holdings in Commercial Vehicle Group by 1,663.5% in the second quarter. State Street Corp now owns 278,477 shares of the company’s stock worth $2,353,000 after acquiring an additional 262,686 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in Commercial Vehicle Group by 17.8% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 157,891 shares of the company’s stock worth $1,333,000 after acquiring an additional 23,900 shares in the last quarter. PDT Partners LLC boosted its holdings in Commercial Vehicle Group by 288.2% in the second quarter. PDT Partners LLC now owns 79,878 shares of the company’s stock worth $675,000 after acquiring an additional 59,302 shares in the last quarter. Finally, Petrus Trust Company LTA purchased a new position in shares of Commercial Vehicle Group in the second quarter worth $305,000. Institutional investors own 76.44% of the company’s stock.

Several research analysts have recently weighed in on CVGI shares. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research note on Thursday, October 19th. ValuEngine upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th.

Shares of Commercial Vehicle Group, Inc. (CVGI) opened at $10.49 on Tuesday. The company has a market capitalization of $319.15, a price-to-earnings ratio of 30.62 and a beta of 1.00. 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, Inc. has a 1 year low of $5.15 and a 1 year high of $11.85.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. The company had revenue of $198.30 million during 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 for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. equities analysts forecast that Commercial Vehicle Group, Inc. will post 0.32 EPS for the current year.

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

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