52,644 Shares in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Acquired by Federated Hermes Inc.

Federated Hermes Inc. purchased a new stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the 4th quarter, Holdings Channel.com reports. The fund purchased 52,644 shares of the company’s stock, valued at approximately $369,000.

A number of other large investors also recently made changes to their positions in CVGI. Strs Ohio increased its stake in Commercial Vehicle Group by 5.3% in the fourth quarter. Strs Ohio now owns 71,000 shares of the company’s stock valued at $497,000 after purchasing an additional 3,600 shares during the last quarter. SG Americas Securities LLC grew its holdings in Commercial Vehicle Group by 33.1% in the 4th quarter. SG Americas Securities LLC now owns 17,259 shares of the company’s stock valued at $121,000 after buying an additional 4,291 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Commercial Vehicle Group during the 3rd quarter valued at about $34,000. Aigen Investment Management LP purchased a new position in shares of Commercial Vehicle Group during the 3rd quarter worth about $92,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of Commercial Vehicle Group in the third quarter worth approximately $98,000. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Analysts Set New Price Targets

CVGI has been the topic of a number of recent analyst reports. TheStreet raised shares of Commercial Vehicle Group from a “d+” rating to a “c” rating in a research note on Monday, March 4th. StockNews.com lowered Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Commercial Vehicle Group in a research report on Monday, March 4th.

Commercial Vehicle Group Trading Up 0.7 %

Shares of CVGI stock opened at $5.98 on Friday. Commercial Vehicle Group, Inc. has a fifty-two week low of $5.48 and a fifty-two week high of $11.96. The firm’s 50 day moving average price is $6.29 and its two-hundred day moving average price is $6.49. The stock has a market cap of $202.60 million, a price-to-earnings ratio of 4.04, a price-to-earnings-growth ratio of 0.33 and a beta of 2.69. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.73.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.06). Commercial Vehicle Group had a net margin of 4.97% and a return on equity of 20.22%. The company had revenue of $223.09 million during the quarter, compared to analyst estimates of $225.22 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. On average, analysts anticipate that Commercial Vehicle Group, Inc. will post 0.83 EPS for the current year.

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.