Commercial Vehicle Group (CVGI) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a strong-buy rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets. The company’s products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry and floor systems, mirrors, wiper systems, controls and switches specifically designed for applications in commercial vehicle cabs. “

Separately, ValuEngine lowered shares of Commercial Vehicle Group from a buy rating to a hold rating in a research note on Friday, December 1st.

Shares of Commercial Vehicle Group (CVGI) traded down $0.20 during mid-day trading on Tuesday, reaching $10.88. 132,211 shares of the company’s stock traded hands, compared to its average volume of 180,580. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10. Commercial Vehicle Group has a 12-month low of $5.15 and a 12-month high of $11.85. The firm has a market cap of $335.42, a price-to-earnings ratio of 54.40 and a beta of 1.00.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.11. Commercial Vehicle Group had a net margin of 0.82% and a return on equity of 14.58%. The firm had revenue of $198.30 million for the quarter, compared to analyst estimates of $173.90 million. During the same period in the previous year, the business earned $0.07 EPS. The company’s revenue was up 29.1% compared to the same quarter last year. equities analysts expect that Commercial Vehicle Group will post 0.32 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System grew its position in shares of Commercial Vehicle Group by 17.4% in the 3rd quarter. California Public Employees Retirement System now owns 193,444 shares of the company’s stock valued at $1,422,000 after acquiring an additional 28,644 shares during the period. Cornerstone Capital Management Holdings LLC. grew its position in shares of Commercial Vehicle Group by 33.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 210,591 shares of the company’s stock valued at $1,546,000 after acquiring an additional 52,700 shares during the period. Royce & Associates LP grew its position in shares of Commercial Vehicle Group by 8.8% in the 3rd quarter. Royce & Associates LP now owns 2,011,183 shares of the company’s stock valued at $14,782,000 after acquiring an additional 162,546 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Commercial Vehicle Group by 16.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,602,168 shares of the company’s stock valued at $11,776,000 after acquiring an additional 220,524 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of Commercial Vehicle Group by 54.7% in the 3rd quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after acquiring an additional 5,412 shares during the period. 76.44% of the stock is owned by institutional investors.

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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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