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, StockNews.com began coverage on shares of Commercial Vehicle Group in a research report on Thursday, March 31st. They set a hold rating on the stock.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $228.91 million during the quarter, compared to the consensus estimate of $222.05 million. Commercial Vehicle Group had a net margin of 2.44% and a return on equity of 27.54%. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. As a group, analysts forecast that Commercial Vehicle Group will post 0.97 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in CVGI. Metropolitan Life Insurance Co NY purchased a new stake in shares of Commercial Vehicle Group during the 1st quarter valued at about $67,000. Royal Bank of Canada raised its position in Commercial Vehicle Group by 19.6% in the 2nd quarter. Royal Bank of Canada now owns 10,415 shares of the company’s stock worth $110,000 after purchasing an additional 1,706 shares during the period. Bank of America Corp DE raised its position in Commercial Vehicle Group by 72.8% in the 2nd quarter. Bank of America Corp DE now owns 5,700 shares of the company’s stock worth $60,000 after purchasing an additional 2,401 shares during the period. Wells Fargo & Company MN raised its position in Commercial Vehicle Group by 561.2% in the 2nd quarter. Wells Fargo & Company MN now owns 8,000 shares of the company’s stock worth $85,000 after purchasing an additional 6,790 shares during the period. Finally, Morgan Stanley raised its position in Commercial Vehicle Group by 9.3% in the 2nd quarter. Morgan Stanley now owns 410,531 shares of the company’s stock worth $4,364,000 after purchasing an additional 34,884 shares during the period. Hedge funds and other institutional investors own 59.49% of the company’s stock.
About Commercial Vehicle Group (Get Rating)
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories.
- Get a free copy of the StockNews.com research report on Commercial Vehicle Group (CVGI)
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