Empowered Funds LLC Acquires 4,958 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Empowered Funds LLC raised its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 5.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 99,361 shares of the company’s stock after acquiring an additional 4,958 shares during the period. Empowered Funds LLC owned approximately 0.29% of Commercial Vehicle Group worth $323,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. SummerHaven Investment Management LLC lifted its position in Commercial Vehicle Group by 4.5% during the second quarter. SummerHaven Investment Management LLC now owns 70,670 shares of the company’s stock valued at $346,000 after purchasing an additional 3,065 shares during the period. Rhumbline Advisers lifted its holdings in shares of Commercial Vehicle Group by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock valued at $243,000 after buying an additional 4,130 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Commercial Vehicle Group in the 2nd quarter worth $47,000. Clifford Capital Partners LLC grew its holdings in shares of Commercial Vehicle Group by 14.6% in the second quarter. Clifford Capital Partners LLC now owns 97,953 shares of the company’s stock worth $480,000 after acquiring an additional 12,506 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Commercial Vehicle Group by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 264,550 shares of the company’s stock valued at $1,296,000 after acquiring an additional 13,992 shares during the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Insider Activity

In other news, Director Wayne M. Rancourt acquired 15,000 shares of Commercial Vehicle Group stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $2.58 per share, with a total value of $38,700.00. Following the completion of the purchase, the director now directly owns 157,783 shares in the company, valued at approximately $407,080.14. This trade represents a 10.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Commercial Vehicle Group Price Performance

NASDAQ CVGI opened at $2.49 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31. The business’s fifty day moving average is $2.98 and its 200 day moving average is $4.05. The company has a market capitalization of $85.91 million, a PE ratio of 2.44, a price-to-earnings-growth ratio of 1.05 and a beta of 2.46. Commercial Vehicle Group, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $7.34.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Commercial Vehicle Group in a report on Monday, August 5th.

Commercial Vehicle Group Company Profile

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.