Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Director Scott C. Arves sold 8,500 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $9.30, for a total value of $79,050.00. Following the sale, the director now owns 107,606 shares in the company, valued at approximately $1,000,735.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) traded up 0.11% during midday trading on Friday, reaching $9.21. The company had a trading volume of 212,085 shares. The company has a 50 day moving average of $7.50 and a 200 day moving average of $6.06. The company has a market capitalization of $275.13 million, a PE ratio of 57.56 and a beta of 0.84. Commercial Vehicle Group, Inc. has a one year low of $2.30 and a one year high of $9.62.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Thursday, March 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. Commercial Vehicle Group had a return on equity of 9.49% and a net margin of 0.59%. The firm had revenue of $149.97 million for the quarter, compared to analysts’ expectations of $153.10 million. Commercial Vehicle Group’s revenue for the quarter was down 18.8% compared to the same quarter last year. Analysts predict that Commercial Vehicle Group, Inc. will post $0.41 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP bought a new position in shares of Commercial Vehicle Group during the first quarter worth about $155,000. Segantii Capital Management Ltd boosted its position in shares of Commercial Vehicle Group by 568.0% in the first quarter. Segantii Capital Management Ltd now owns 33,400 shares of the company’s stock worth $226,000 after buying an additional 28,400 shares during the period. A.R.T. Advisors LLC boosted its position in shares of Commercial Vehicle Group by 202.6% in the fourth quarter. A.R.T. Advisors LLC now owns 33,886 shares of the company’s stock worth $187,000 after buying an additional 22,686 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Commercial Vehicle Group during the first quarter worth about $295,000. Finally, Hapanowicz & Associates Financial Services Inc bought a new position in shares of Commercial Vehicle Group during the fourth quarter worth about $240,000. 62.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on CVGI. Seaport Global Securities upgraded Commercial Vehicle Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $5.50 to $7.00 in a research report on Thursday, March 30th. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Friday, March 31st.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

5 Day Chart for NASDAQ:CVGI

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