Dimensional Fund Advisors LP Sells 215,470 Shares of Commercial Vehicle Group, Inc. $CVGI

Dimensional Fund Advisors LP trimmed its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 40.3% in the first quarter, HoldingsChannel.com reports. The firm owned 319,255 shares of the company’s stock after selling 215,470 shares during the period. Dimensional Fund Advisors LP’s holdings in Commercial Vehicle Group were worth $1,088,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in Commercial Vehicle Group by 46.1% in the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock valued at $81,000 after buying an additional 10,242 shares during the period. Jane Street Group LLC grew its holdings in Commercial Vehicle Group by 259.3% during the 1st quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock worth $85,000 after acquiring an additional 53,468 shares during the period. XTX Topco Ltd acquired a new stake in Commercial Vehicle Group during the 2nd quarter worth about $174,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Commercial Vehicle Group in the 2nd quarter worth about $84,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Commercial Vehicle Group in the 2nd quarter worth about $78,000. Institutional investors own 72.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Noble Financial reaffirmed an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Barrington Research restated an “outperform” rating and issued a $6.00 price target on shares of Commercial Vehicle Group in a report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a research note on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Commercial Vehicle Group presently has an average rating of “Hold” and an average target price of $6.00.

Commercial Vehicle Group Trading Up 1.9%

Shares of CVGI stock opened at $3.26 on Friday. The business has a 50-day moving average price of $4.53 and a two-hundred day moving average price of $3.78. Commercial Vehicle Group, Inc. has a 12-month low of $1.29 and a 12-month high of $5.88. The company has a quick ratio of 1.16, a current ratio of 1.98 and a debt-to-equity ratio of 0.64. The firm has a market cap of $132.45 million, a P/E ratio of -4.87 and a beta of 1.45.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The firm had revenue of $195.24 million for the quarter, compared to analysts’ expectations of $171.58 million. Commercial Vehicle Group had a negative net margin of 3.42% and a negative return on equity of 13.91%. Equities analysts anticipate that Commercial Vehicle Group, Inc. will post -0.2 EPS for the current fiscal year.

Commercial Vehicle Group Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.