California Public Employees Retirement System boosted its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 23.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,300 shares of the company’s stock after buying an additional 29,100 shares during the period. California Public Employees Retirement System’s holdings in Commercial Vehicle Group were worth $1,038,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. ClariVest Asset Management LLC raised its position in Commercial Vehicle Group by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 72,829 shares of the company’s stock worth $493,000 after buying an additional 3,675 shares in the last quarter. Cadence Capital Management LLC purchased a new position in Commercial Vehicle Group during the first quarter worth $1,017,000. Dynamic Technology Lab Private Ltd purchased a new position in Commercial Vehicle Group during the first quarter worth $295,000. Trexquant Investment LP purchased a new position in Commercial Vehicle Group during the first quarter worth $155,000. Finally, Eagle Boston Investment Management Inc. raised its position in Commercial Vehicle Group by 2.6% in the first quarter. Eagle Boston Investment Management Inc. now owns 994,349 shares of the company’s stock worth $6,731,000 after buying an additional 25,099 shares in the last quarter. 59.79% of the stock is owned by institutional investors and hedge funds.

Commercial Vehicle Group, Inc. (NASDAQ CVGI) traded down 5.12% during midday trading on Friday, reaching $6.30. 458,682 shares of the company were exchanged. The firm’s 50-day moving average price is $8.33 and its 200 day moving average price is $7.47. The stock has a market capitalization of $188.20 million, a price-to-earnings ratio of 82.89 and a beta of 0.66. Commercial Vehicle Group, Inc. has a 52-week low of $4.21 and a 52-week high of $9.62.

Commercial Vehicle Group (NASDAQ:CVGI) last posted 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. The company had revenue of $195.13 million during the quarter, compared to analysts’ expectations of $186.20 million. Commercial Vehicle Group had a return on equity of 10.65% and a net margin of 0.34%. Commercial Vehicle Group’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. Equities analysts predict that Commercial Vehicle Group, Inc. will post $0.36 earnings per share for the current year.

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A number of equities analysts have recently weighed in on the stock. Seaport Global Securities cut their price objective on shares of Commercial Vehicle Group from $11.00 to $8.50 and set a “buy” rating for the company in a research report on Monday, May 8th. Zacks Investment Research lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Friday.

Commercial Vehicle Group Company 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.

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

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