Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,911 shares of the company’s stock after selling 8,958 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.10% of Commercial Vehicle Group worth $87,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CVGI. Anderson Financial Strategies LLC acquired a new position in shares of Commercial Vehicle Group in the fourth quarter worth about $752,000. Renaissance Technologies LLC raised its stake in Commercial Vehicle Group by 14.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,978,959 shares of the company’s stock valued at $4,908,000 after buying an additional 254,364 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Commercial Vehicle Group during the fourth quarter valued at approximately $431,000. Royce & Associates LP raised its stake in Commercial Vehicle Group by 4.3% during the fourth quarter. Royce & Associates LP now owns 2,253,611 shares of the company’s stock valued at $5,589,000 after buying an additional 93,805 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Commercial Vehicle Group by 75.9% during the fourth quarter. JPMorgan Chase & Co. now owns 127,200 shares of the company’s stock valued at $315,000 after buying an additional 54,867 shares in the last quarter. Institutional investors and hedge funds own 72.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Friday.

Commercial Vehicle Group Stock Down 1.1%

NASDAQ:CVGI opened at $1.31 on Monday. The firm has a market capitalization of $45.20 million, a PE ratio of 1.28, a price-to-earnings-growth ratio of 0.43 and a beta of 1.93. The stock has a 50 day moving average of $1.13 and a 200-day moving average of $1.78. Commercial Vehicle Group, Inc. has a 52 week low of $0.81 and a 52 week high of $5.69. 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 posted its earnings results on Tuesday, May 6th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07. The company had revenue of $169.80 million during the quarter, compared to analyst estimates of $163.50 million. Commercial Vehicle Group had a return on equity of 5.17% and a net margin of 3.98%. Analysts predict that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

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.