Raymond James Financial Inc. Buys Shares of 173,723 Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Raymond James Financial Inc. purchased a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 173,723 shares of the company’s stock, valued at approximately $431,000.

Several other institutional investors have also made changes to their positions in the company. Sei Investments Co. bought a new position in Commercial Vehicle Group during the fourth quarter valued at approximately $27,000. SG Americas Securities LLC raised its holdings in shares of Commercial Vehicle Group by 54.3% during the 4th quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock valued at $55,000 after purchasing an additional 7,803 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Commercial Vehicle Group by 75.9% in the 4th quarter. JPMorgan Chase & Co. now owns 127,200 shares of the company’s stock valued at $315,000 after purchasing an additional 54,867 shares during the last quarter. Empowered Funds LLC boosted its holdings in Commercial Vehicle Group by 5.9% in the fourth quarter. Empowered Funds LLC now owns 105,246 shares of the company’s stock worth $261,000 after purchasing an additional 5,885 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Commercial Vehicle Group by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 726,227 shares of the company’s stock worth $1,801,000 after buying an additional 21,902 shares during the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.

Commercial Vehicle Group Trading Up 13.0 %

Shares of CVGI stock opened at $1.35 on Friday. Commercial Vehicle Group, Inc. has a 12 month low of $0.81 and a 12 month high of $5.82. The company has a market cap of $46.59 million, a PE ratio of 1.32, a price-to-earnings-growth ratio of 0.43 and a beta of 1.93. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $1.22 and its two-hundred day moving average is $1.94.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $169.80 million for the quarter, compared to analyst estimates of $163.50 million. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. Equities analysts predict that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research report on Wednesday.

About Commercial Vehicle Group

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.