Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 75.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,200 shares of the company’s stock after purchasing an additional 54,867 shares during the quarter. JPMorgan Chase & Co. owned 0.37% of Commercial Vehicle Group worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CVGI. Sei Investments Co. purchased a new position in Commercial Vehicle Group in the 4th quarter valued at about $27,000. Intech Investment Management LLC purchased a new position in shares of Commercial Vehicle Group in the fourth quarter valued at approximately $38,000. SG Americas Securities LLC boosted its stake in shares of Commercial Vehicle Group by 54.3% in the fourth quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock worth $55,000 after acquiring an additional 7,803 shares during the last quarter. Barclays PLC increased its position in shares of Commercial Vehicle Group by 283.2% during the third quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after purchasing an additional 32,633 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Commercial Vehicle Group by 5.9% in the 4th quarter. Empowered Funds LLC now owns 105,246 shares of the company’s stock valued at $261,000 after purchasing an additional 5,885 shares during the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Stock Up 4.6 %

CVGI stock opened at $0.98 on Friday. The company has a market cap of $33.96 million, a price-to-earnings ratio of 0.96, a PEG ratio of 0.43 and a beta of 2.21. The firm has a 50-day moving average of $1.31 and a two-hundred day moving average of $2.01. Commercial Vehicle Group, Inc. has a 12 month low of $0.81 and a 12 month high of $6.20. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Monday, March 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $163.29 million for the quarter, compared to analysts’ expectations of $158.37 million. Commercial Vehicle Group had a return on equity of 5.17% and a net margin of 3.98%. As a group, analysts forecast that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research note on Friday, March 21st.

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.