Commercial Vehicle Group, Inc. (CVGI) Position Raised by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP increased its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,777,364 shares of the company’s stock after purchasing an additional 23,171 shares during the quarter. Dimensional Fund Advisors LP owned 5.75% of Commercial Vehicle Group worth $10,131,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CVGI. Clearstead Advisors LLC bought a new stake in Commercial Vehicle Group during the fourth quarter worth about $4,446,000. Alambic Investment Management L.P. lifted its position in Commercial Vehicle Group by 168.8% during the fourth quarter. Alambic Investment Management L.P. now owns 459,231 shares of the company’s stock worth $2,618,000 after purchasing an additional 288,382 shares during the period. BlackRock Inc. lifted its position in Commercial Vehicle Group by 12.2% during the third quarter. BlackRock Inc. now owns 1,909,021 shares of the company’s stock worth $17,487,000 after purchasing an additional 207,672 shares during the period. Dalton Greiner Hartman Maher & Co. lifted its position in Commercial Vehicle Group by 72.2% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 414,731 shares of the company’s stock worth $2,364,000 after purchasing an additional 173,921 shares during the period. Finally, ClariVest Asset Management LLC lifted its position in Commercial Vehicle Group by 24.2% during the fourth quarter. ClariVest Asset Management LLC now owns 666,936 shares of the company’s stock worth $3,802,000 after purchasing an additional 129,742 shares during the period. 76.52% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ CVGI opened at $9.24 on Monday. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.37 and a quick ratio of 1.68. The stock has a market cap of $288.96 million, a price-to-earnings ratio of 6.33 and a beta of 2.35. Commercial Vehicle Group, Inc. has a 12 month low of $5.35 and a 12 month high of $10.28.
CVGI has been the subject of several recent analyst reports. BidaskClub raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 6th. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Friday, March 15th. Finally, ValuEngine raised Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.00.
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Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.
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