Sei Investments Co. Acquires New Holdings in Commercial Vehicle Group, Inc. $CVGI

Sei Investments Co. bought a new position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 369,986 shares of the company’s stock, valued at approximately $1,262,000.

Other institutional investors have also modified their holdings of the company. Huber Capital Management LLC grew its position in shares of Commercial Vehicle Group by 7.9% in the 4th quarter. Huber Capital Management LLC now owns 1,061,664 shares of the company’s stock worth $1,529,000 after buying an additional 77,600 shares during the last quarter. Ironwood Investment Management LLC lifted its position in Commercial Vehicle Group by 7.0% during the fourth quarter. Ironwood Investment Management LLC now owns 637,040 shares of the company’s stock valued at $917,000 after acquiring an additional 41,500 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Commercial Vehicle Group by 2.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company’s stock valued at $858,000 after acquiring an additional 14,818 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Commercial Vehicle Group by 463.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 285,122 shares of the company’s stock valued at $485,000 after acquiring an additional 234,545 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Commercial Vehicle Group in the first quarter worth $851,000. 72.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CVGI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Tuesday, June 9th. Barrington Research reissued an “outperform” rating and issued a $6.00 price objective on shares of Commercial Vehicle Group in a research report on Monday, May 4th. Wall Street Zen lowered Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Commercial Vehicle Group has an average rating of “Hold” and a consensus target price of $6.00.

Commercial Vehicle Group Stock Performance

Shares of CVGI stock opened at $3.32 on Wednesday. The firm has a market capitalization of $134.89 million, a price-to-earnings ratio of -4.96 and a beta of 1.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. The business has a fifty day moving average of $4.66 and a 200 day moving average of $3.76. Commercial Vehicle Group, Inc. has a 1 year low of $1.29 and a 1 year high of $5.88.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). The firm had revenue of $195.24 million for the quarter, compared to analyst estimates of $171.58 million. Commercial Vehicle Group had a negative return on equity of 13.91% and a negative net margin of 3.42%. As a group, research analysts expect that Commercial Vehicle Group, Inc. will post -0.2 earnings per share for the current year.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.