Sei Investments Co. Makes New $27,000 Investment in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Sei Investments Co. purchased a new stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,887 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC bought a new stake in shares of Commercial Vehicle Group in the fourth quarter worth $38,000. SG Americas Securities LLC raised its holdings in Commercial Vehicle Group by 54.3% during the fourth quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock worth $55,000 after acquiring an additional 7,803 shares in the last quarter. Barclays PLC raised its stake in shares of Commercial Vehicle Group by 283.2% during the 3rd quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after purchasing an additional 32,633 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Commercial Vehicle Group by 129.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 43,869 shares of the company’s stock valued at $143,000 after buying an additional 24,786 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Commercial Vehicle Group by 51.0% in the third quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company’s stock valued at $235,000 after buying an additional 24,437 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research note on Friday, March 21st.

Commercial Vehicle Group Stock Performance

Shares of CVGI stock opened at $0.94 on Friday. Commercial Vehicle Group, Inc. has a 52 week low of $0.86 and a 52 week high of $6.44. The company has a market capitalization of $32.52 million, a price-to-earnings ratio of 0.92, a PEG ratio of 0.43 and a beta of 2.21. The company has a 50-day simple moving average of $1.63 and a 200 day simple moving average of $2.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Monday, March 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Commercial Vehicle Group had a return on equity of 5.17% and a net margin of 3.98%. The business had revenue of $163.29 million for the quarter, compared to the consensus estimate of $158.37 million. On average, sell-side analysts predict that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current year.

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.