StockNews.com Downgrades Commercial Vehicle Group (NASDAQ:CVGI) to Hold

Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of Commercial Vehicle Group in a research note on Monday, August 5th.

Commercial Vehicle Group Stock Performance

Shares of NASDAQ CVGI traded down $0.68 during midday trading on Tuesday, hitting $2.40. 1,156,562 shares of the stock traded hands, compared to its average volume of 145,496. The firm has a 50-day moving average of $3.23 and a two-hundred day moving average of $4.40. The firm has a market capitalization of $82.51 million, a P/E ratio of 2.35, a PEG ratio of 0.46 and a beta of 2.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.27 and a current ratio of 2.06. Commercial Vehicle Group has a one year low of $2.11 and a one year high of $7.34.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.11). The firm had revenue of $229.91 million for the quarter, compared to the consensus estimate of $237.69 million. Commercial Vehicle Group had a net margin of 3.42% and a return on equity of 10.07%. During the same period in the previous year, the company earned $0.32 earnings per share. On average, equities analysts forecast that Commercial Vehicle Group will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of institutional investors have recently bought and sold shares of CVGI. Empowered Funds LLC increased its stake in Commercial Vehicle Group by 56.1% in the 1st quarter. Empowered Funds LLC now owns 87,743 shares of the company’s stock worth $564,000 after buying an additional 31,545 shares in the last quarter. Clifford Capital Partners LLC increased its stake in Commercial Vehicle Group by 12.9% in the 1st quarter. Clifford Capital Partners LLC now owns 85,447 shares of the company’s stock worth $549,000 after buying an additional 9,763 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Commercial Vehicle Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock valued at $10,812,000 after purchasing an additional 48,443 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Commercial Vehicle Group during the first quarter valued at about $145,000. Finally, Heron Bay Capital Management grew its position in shares of Commercial Vehicle Group by 20.5% during the first quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after purchasing an additional 3,390 shares in the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

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.