Commercial Vehicle Group, Inc. (CVGI) Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 58.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 183,091 shares of the company’s stock after buying an additional 67,230 shares during the quarter. Bank of New York Mellon Corp owned about 0.59% of Commercial Vehicle Group worth $1,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Commercial Vehicle Group by 50.6% during the 1st quarter. Bank of America Corp DE now owns 125,727 shares of the company’s stock worth $851,000 after buying an additional 42,216 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Commercial Vehicle Group by 10.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,242,000 shares of the company’s stock worth $8,408,000 after buying an additional 114,794 shares during the last quarter. Morgan Stanley lifted its stake in shares of Commercial Vehicle Group by 5.1% during the 1st quarter. Morgan Stanley now owns 329,923 shares of the company’s stock worth $2,234,000 after buying an additional 16,145 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Commercial Vehicle Group by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,243,767 shares of the company’s stock worth $8,420,000 after buying an additional 84,462 shares during the last quarter. Finally, ClariVest Asset Management LLC lifted its stake in shares of Commercial Vehicle Group by 758.2% during the 2nd quarter. ClariVest Asset Management LLC now owns 625,054 shares of the company’s stock worth $5,282,000 after buying an additional 552,225 shares during the last quarter. Institutional investors own 71.95% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research note on Thursday, October 19th.

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Shares of Commercial Vehicle Group, Inc. (CVGI) opened at 8.20 on Friday. The firm has a 50-day moving average of $7.25 and a 200 day moving average of $7.77. The firm has a market cap of $244.96 million, a PE ratio of 107.89 and a beta of 0.80. Commercial Vehicle Group, Inc. has a 52 week low of $4.36 and a 52 week high of $9.62.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). Commercial Vehicle Group had a return on equity of 10.65% and a net margin of 0.34%. The firm had revenue of $195.13 million during the quarter, compared to analysts’ expectations of $186.20 million. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts predict that Commercial Vehicle Group, Inc. will post $0.36 EPS for the current fiscal year.

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.

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

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