Empowered Funds LLC Increases Stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Empowered Funds LLC grew its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,361 shares of the company’s stock after buying an additional 4,958 shares during the period. Empowered Funds LLC’s holdings in Commercial Vehicle Group were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Commercial Vehicle Group by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock valued at $10,812,000 after acquiring an additional 48,443 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Commercial Vehicle Group by 4.5% during the 2nd 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 last quarter. Bank of New York Mellon Corp grew its position in shares of 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 purchasing an additional 13,992 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Commercial Vehicle Group in the second quarter worth about $47,000. Finally, Rhumbline Advisers lifted its position in shares of Commercial Vehicle Group by 9.1% in the second quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock worth $243,000 after buying an additional 4,130 shares in the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CVGI shares. Barrington Research restated an “outperform” rating and set a $10.00 price target on shares of Commercial Vehicle Group in a report on Monday, August 5th. StockNews.com downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Insider Buying and Selling at Commercial Vehicle Group

In related news, Director Wayne M. Rancourt bought 15,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of $2.58 per share, for a total transaction of $38,700.00. Following the acquisition, the director now owns 157,783 shares in the company, valued at $407,080.14. This trade represents a 10.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

Commercial Vehicle Group Stock Up 2.9 %

Shares of NASDAQ:CVGI opened at $2.49 on Tuesday. The company has a market cap of $85.91 million, a price-to-earnings ratio of 2.44, a PEG ratio of 1.05 and a beta of 2.46. Commercial Vehicle Group, Inc. has a 12 month low of $2.11 and a 12 month high of $7.34. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $2.98 and a 200 day moving average price of $4.05.

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.