ValuEngine Lowers Commercial Vehicle Group (CVGI) to Sell

ValuEngine downgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a hold rating to a sell rating in a report released on Tuesday morning.

Several other equities analysts have also commented on the stock. BidaskClub raised shares of Commercial Vehicle Group from a strong sell rating to a sell rating in a report on Saturday, August 11th. Zacks Investment Research lowered shares of Commercial Vehicle Group from a buy rating to a hold rating in a report on Monday, July 9th.

Commercial Vehicle Group stock remained flat at $$7.87 during midday trading on Tuesday. 204,280 shares of the company’s stock traded hands, compared to its average volume of 280,685. Commercial Vehicle Group has a twelve month low of $6.58 and a twelve month high of $13.90. The company has a quick ratio of 1.69, a current ratio of 2.43 and a debt-to-equity ratio of 1.72. The firm has a market cap of $284.46 million, a PE ratio of 17.89 and a beta of 1.74.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.09. Commercial Vehicle Group had a net margin of 2.46% and a return on equity of 38.01%. The business had revenue of $233.39 million during the quarter, compared to analysts’ expectations of $232.60 million. On average, equities analysts forecast that Commercial Vehicle Group will post 1.4 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Chicago Equity Partners LLC increased its holdings in Commercial Vehicle Group by 33.6% in the 2nd quarter. Chicago Equity Partners LLC now owns 263,755 shares of the company’s stock valued at $1,936,000 after buying an additional 66,260 shares during the period. United Services Automobile Association grew its holdings in shares of Commercial Vehicle Group by 65.0% during the 2nd quarter. United Services Automobile Association now owns 119,294 shares of the company’s stock valued at $876,000 after purchasing an additional 47,000 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of Commercial Vehicle Group by 353.2% during the 2nd quarter. Citadel Advisors LLC now owns 66,574 shares of the company’s stock valued at $489,000 after purchasing an additional 51,884 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Commercial Vehicle Group by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,655,323 shares of the company’s stock valued at $12,829,000 after purchasing an additional 20,385 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Commercial Vehicle Group by 27.6% during the 1st quarter. GSA Capital Partners LLP now owns 91,557 shares of the company’s stock valued at $710,000 after purchasing an additional 19,819 shares during the last quarter. 77.25% of the stock is currently owned by hedge funds and other institutional investors.

About Commercial Vehicle Group

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, the Global Truck and Bus, and the Global Construction and Agriculture.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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