Bank of Montreal Can Invests $1.20 Million in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Bank of Montreal Can bought a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 106,719 shares of the company’s stock, valued at approximately $1,196,000. Bank of Montreal Can owned 0.32% of Commercial Vehicle Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Forager Capital Management LLC boosted its stake in shares of Commercial Vehicle Group by 11.9% during the 1st quarter. Forager Capital Management LLC now owns 2,940,950 shares of the company’s stock worth $21,469,000 after acquiring an additional 313,331 shares during the period. Royce & Associates LP boosted its stake in shares of Commercial Vehicle Group by 2.8% during the 1st quarter. Royce & Associates LP now owns 2,010,697 shares of the company’s stock worth $14,678,000 after acquiring an additional 54,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Commercial Vehicle Group by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 1,537,929 shares of the company’s stock worth $12,996,000 after acquiring an additional 88,130 shares during the period. Dimensional Fund Advisors LP boosted its stake in Commercial Vehicle Group by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,247,535 shares of the company’s stock valued at $9,107,000 after purchasing an additional 81,129 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Commercial Vehicle Group by 0.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 789,885 shares of the company’s stock valued at $6,675,000 after purchasing an additional 3,800 shares during the period. 70.51% of the stock is currently owned by institutional investors.

Commercial Vehicle Group Stock Performance

NASDAQ:CVGI opened at $5.77 on Friday. The stock has a fifty day moving average price of $7.39 and a 200-day moving average price of $9.02. The company has a market cap of $194.68 million, a price-to-earnings ratio of -28.85, a PEG ratio of 0.27 and a beta of 2.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.34 and a current ratio of 2.07. Commercial Vehicle Group, Inc. has a fifty-two week low of $5.48 and a fifty-two week high of $11.96.

Insider Activity

In related news, CFO Chung Kin Cheung bought 4,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $7.85 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer now owns 100,920 shares in the company, valued at approximately $792,222. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Chung Kin Cheung bought 4,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of $7.85 per share, for a total transaction of $31,400.00. Following the transaction, the chief financial officer now owns 100,920 shares in the company, valued at approximately $792,222. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Roger L. Fix sold 9,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $9.21, for a total value of $82,890.00. Following the sale, the director now owns 145,595 shares of the company’s stock, valued at $1,340,929.95. The disclosure for this sale can be found here. In the last three months, insiders sold 9,869 shares of company stock worth $89,998. 4.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barrington Research restated an “outperform” rating and issued a $13.00 price target on shares of Commercial Vehicle Group in a research note on Monday, August 7th. TheStreet downgraded Commercial Vehicle Group from a “c” rating to a “d+” rating in a research note on Thursday, November 2nd. Finally, StockNews.com downgraded Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th.

About Commercial Vehicle Group

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. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.