Royce & Associates LP reduced its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,159,806 shares of the company's stock after selling 274,302 shares during the quarter. Royce & Associates LP owned 6.28% of Commercial Vehicle Group worth $7,019,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Commercial Vehicle Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company's stock worth $10,812,000 after buying an additional 48,443 shares during the period. Huber Capital Management LLC increased its stake in Commercial Vehicle Group by 9.3% in the first quarter. Huber Capital Management LLC now owns 749,163 shares of the company's stock worth $4,817,000 after purchasing an additional 63,888 shares during the period. American Century Companies Inc. lifted its position in shares of Commercial Vehicle Group by 13.2% during the second quarter. American Century Companies Inc. now owns 731,356 shares of the company's stock worth $3,584,000 after purchasing an additional 85,102 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Commercial Vehicle Group by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 264,550 shares of the company's stock valued at $1,296,000 after purchasing an additional 13,992 shares during the period. Finally, Private Advisor Group LLC grew its holdings in shares of Commercial Vehicle Group by 79.0% in the third quarter. Private Advisor Group LLC now owns 220,051 shares of the company's stock worth $715,000 after purchasing an additional 97,091 shares during the last quarter. Institutional investors own 72.32% of the company's stock.
Wall Street Analysts Forecast Growth
CVGI has been the subject of several research reports. Barrington Research reissued an "outperform" rating and issued a $10.00 price objective on shares of Commercial Vehicle Group in a research report on Monday, August 5th. StockNews.com cut Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research note on Tuesday, November 5th.
Read Our Latest Report on CVGI
Commercial Vehicle Group Stock Down 2.4 %
Shares of CVGI stock traded down $0.06 on Monday, hitting $2.42. The stock had a trading volume of 245,461 shares, compared to its average volume of 153,573. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70. Commercial Vehicle Group, Inc. has a one year low of $2.11 and a one year high of $7.34. The business has a 50 day moving average price of $3.06 and a 200 day moving average price of $4.17. The company has a market cap of $83.49 million, a PE ratio of 2.37, a P/E/G ratio of 1.07 and a beta of 2.46.
Insider Activity
In related news, Director Wayne M. Rancourt purchased 15,000 shares of Commercial Vehicle Group stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $2.58 per share, with a total value of $38,700.00. Following the transaction, the director now owns 157,783 shares in the company, valued at approximately $407,080.14. The trade was a 10.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.30% of the company's stock.
About Commercial Vehicle Group
(
Free Report)
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.
Further Reading
![Institutional Ownership by Quarter for Commercial Vehicle Group (NASDAQ:CVGI)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=CVGI)
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