Wellington Management Group LLP Buys Shares of 392,700 Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Wellington Management Group LLP bought a new position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 392,700 shares of the company’s stock, valued at approximately $2,753,000.

A number of other institutional investors have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its holdings in shares of Commercial Vehicle Group by 2.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 66,140 shares of the company’s stock worth $464,000 after purchasing an additional 1,603 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Commercial Vehicle Group by 2.0% in the 4th quarter. Panagora Asset Management Inc. now owns 144,769 shares of the company’s stock worth $1,015,000 after buying an additional 2,903 shares during the last quarter. Perritt Capital Management Inc. boosted its stake in Commercial Vehicle Group by 4.7% in the fourth quarter. Perritt Capital Management Inc. now owns 75,900 shares of the company’s stock worth $532,000 after buying an additional 3,400 shares in the last quarter. Strs Ohio grew its position in Commercial Vehicle Group by 5.3% during the fourth quarter. Strs Ohio now owns 71,000 shares of the company’s stock valued at $497,000 after acquiring an additional 3,600 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Commercial Vehicle Group by 33.1% during the fourth quarter. SG Americas Securities LLC now owns 17,259 shares of the company’s stock worth $121,000 after acquiring an additional 4,291 shares in the last quarter. Institutional investors own 72.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CVGI shares. 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 cut Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Barrington Research reiterated an “outperform” rating and issued a $10.00 price objective on shares of Commercial Vehicle Group in a report on Monday, May 6th.

Commercial Vehicle Group Stock Performance

Shares of CVGI stock opened at $4.90 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.48 and a current ratio of 2.30. Commercial Vehicle Group, Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $11.96. The company has a market capitalization of $168.45 million, a P/E ratio of 3.74, a PEG ratio of 0.30 and a beta of 2.58. The stock has a 50 day moving average price of $5.44 and a two-hundred day moving average price of $6.14.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). The firm had revenue of $232.07 million for the quarter, compared to analysts’ expectations of $242.01 million. Commercial Vehicle Group had a net margin of 4.53% and a return on equity of 15.85%. Analysts expect that Commercial Vehicle Group, Inc. will post 0.74 earnings per share for the current year.

Commercial Vehicle Group 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.