RBF Capital LLC Sells 141,544 Shares of Commercial Vehicle Group, Inc. $CVGI

RBF Capital LLC reduced its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 17.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 664,335 shares of the company’s stock after selling 141,544 shares during the quarter. RBF Capital LLC’s holdings in Commercial Vehicle Group were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Engineers Gate Manager LP grew its holdings in Commercial Vehicle Group by 87.1% in the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after buying an additional 9,364 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $33,000. Bank of America Corp DE lifted its holdings in shares of Commercial Vehicle Group by 46.1% during the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after buying an additional 10,242 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Commercial Vehicle Group in the second quarter valued at about $78,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Commercial Vehicle Group in the second quarter valued at about $84,000. 72.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CVGI has been the topic of a number of recent research reports. Wall Street Zen raised shares of Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Tuesday, June 9th. Noble Financial restated an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $6.00 target price on shares of Commercial Vehicle Group in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Commercial Vehicle Group Stock Performance

Shares of Commercial Vehicle Group stock opened at $4.34 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69. The company has a market cap of $158.50 million, a PE ratio of -8.35 and a beta of 1.43. The company has a 50 day moving average of $4.89 and a 200-day moving average of $3.63. Commercial Vehicle Group, Inc. has a 1-year low of $1.29 and a 1-year high of $5.88.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. Commercial Vehicle Group had a negative net margin of 2.70% and a negative return on equity of 12.47%. The business had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $159.97 million. As a group, equities research analysts forecast that Commercial Vehicle Group, Inc. will post -0.09 earnings per share for the current fiscal year.

Commercial Vehicle Group Company 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.