Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Wednesday.
Several other equities analysts have also issued reports on CVGI. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price target for the company in a report on Wednesday, January 17th. ValuEngine raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, TheStreet lowered shares of Commercial Vehicle Group from a “c” rating to a “d+” rating in a research note on Friday, April 6th.
Shares of Commercial Vehicle Group opened at $8.41 on Wednesday, MarketBeat Ratings reports. Commercial Vehicle Group has a 12-month low of $8.32 and a 12-month high of $8.65. The firm has a market capitalization of $260.41 million, a PE ratio of 12.35 and a beta of 1.54. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.43 and a quick ratio of 1.64.
A number of hedge funds and other institutional investors have recently made changes to their positions in CVGI. Millennium Management LLC boosted its stake in Commercial Vehicle Group by 549.8% in the 4th quarter. Millennium Management LLC now owns 685,955 shares of the company’s stock worth $7,333,000 after purchasing an additional 580,385 shares during the period. Brightline Capital Management LLC acquired a new position in Commercial Vehicle Group in the 4th quarter worth $4,116,000. Allianz Asset Management GmbH boosted its stake in Commercial Vehicle Group by 2,524.1% in the 1st quarter. Allianz Asset Management GmbH now owns 266,742 shares of the company’s stock worth $2,067,000 after purchasing an additional 256,577 shares during the period. Dimensional Fund Advisors LP boosted its stake in 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 worth $11,776,000 after purchasing an additional 220,524 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Commercial Vehicle Group by 12.0% in the 4th quarter. Renaissance Technologies LLC now owns 2,040,873 shares of the company’s stock worth $21,817,000 after purchasing an additional 218,773 shares during the period. 76.49% of the stock is 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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