Tower Research Capital LLC TRC Buys 5,763 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Tower Research Capital LLC TRC grew its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 256.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,006 shares of the company’s stock after acquiring an additional 5,763 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Commercial Vehicle Group were worth $56,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its holdings in Commercial Vehicle Group by 60.8% during the 3rd quarter. Acadian Asset Management LLC now owns 759,387 shares of the company’s stock valued at $5,891,000 after acquiring an additional 287,267 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Commercial Vehicle Group by 326.9% during the third quarter. Assenagon Asset Management S.A. now owns 317,634 shares of the company’s stock valued at $2,465,000 after purchasing an additional 243,226 shares during the period. Los Angeles Capital Management LLC increased its position in Commercial Vehicle Group by 608.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 238,387 shares of the company’s stock valued at $1,850,000 after buying an additional 204,728 shares in the last quarter. Federated Hermes Inc. acquired a new stake in Commercial Vehicle Group in the fourth quarter worth about $369,000. Finally, Panagora Asset Management Inc. grew its stake in shares of Commercial Vehicle Group by 55.3% during the third quarter. Panagora Asset Management Inc. now owns 141,866 shares of the company’s stock worth $1,101,000 after acquiring an additional 50,540 shares during the last quarter. 72.32% of the stock is owned by hedge funds and other institutional investors.

Commercial Vehicle Group Stock Performance

NASDAQ:CVGI traded down $0.04 during trading hours on Monday, reaching $6.14. The company had a trading volume of 81,801 shares, compared to its average volume of 116,491. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.26 and a quick ratio of 1.38. Commercial Vehicle Group, Inc. has a 1-year low of $5.48 and a 1-year high of $11.96. The business’s 50 day moving average price is $6.35 and its 200-day moving average price is $6.52. The firm has a market cap of $208.02 million, a PE ratio of 4.15, a price-to-earnings-growth ratio of 0.34 and a beta of 2.72.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.06). The firm had revenue of $223.09 million during the quarter, compared to analyst estimates of $225.22 million. Commercial Vehicle Group had a net margin of 4.97% and a return on equity of 20.22%. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Research analysts forecast that Commercial Vehicle Group, Inc. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com lowered Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Commercial Vehicle Group in a research report on Monday, March 4th. Finally, TheStreet raised shares of Commercial Vehicle Group from a “d+” rating to a “c” rating in a report on Monday, March 4th.

Commercial Vehicle Group Company Profile

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.