Spark Investment Management LLC raised its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 52.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,599 shares of the company’s stock after purchasing an additional 23,599 shares during the period. Spark Investment Management LLC’s holdings in Commercial Vehicle Group were worth $526,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Stone Ridge Asset Management LLC boosted its holdings in shares of Commercial Vehicle Group by 34.1% in the fourth quarter. Stone Ridge Asset Management LLC now owns 31,124 shares of the company’s stock valued at $177,000 after acquiring an additional 7,910 shares during the period. Alambic Investment Management L.P. lifted its holdings in shares of Commercial Vehicle Group by 168.8% during the fourth quarter. Alambic Investment Management L.P. now owns 459,231 shares of the company’s stock worth $2,618,000 after purchasing an additional 288,382 shares during the period. Vanguard Group Inc lifted its holdings in shares of Commercial Vehicle Group by 1.6% during the third quarter. Vanguard Group Inc now owns 1,353,659 shares of the company’s stock worth $12,400,000 after purchasing an additional 21,001 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Commercial Vehicle Group by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,353,659 shares of the company’s stock worth $12,400,000 after purchasing an additional 21,001 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of Commercial Vehicle Group by 8.8% during the first quarter. Dalton Greiner Hartman Maher & Co. now owns 451,362 shares of the company’s stock worth $3,462,000 after purchasing an additional 36,631 shares during the period. Institutional investors own 76.45% of the company’s stock.

Several brokerages recently weighed in on CVGI. BidaskClub downgraded Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 1st. ValuEngine downgraded Commercial Vehicle Group from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $9.00.

Commercial Vehicle Group stock opened at $7.08 on Thursday. Commercial Vehicle Group, Inc. has a one year low of $5.35 and a one year high of $10.28. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.38 and a quick ratio of 1.68. The firm has a market capitalization of $221.62 million, a price-to-earnings ratio of 4.85 and a beta of 2.39.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. Commercial Vehicle Group had a return on equity of 38.85% and a net margin of 4.95%. The business had revenue of $223.60 million during the quarter, compared to analysts’ expectations of $215.00 million.

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Commercial Vehicle Group Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.

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Institutional Ownership by Quarter for Commercial Vehicle Group (NASDAQ:CVGI)

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