Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Commercial Vehicle Group supplies interior systems, vision safety solutions and other cab-related products for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction market and other specialized transportation markets. The company’s products include suspension seat systems, interior trim systems, such as instrument and door panels, headliners, cabinetry and floor systems, mirrors, wiper systems, controls and switches specifically designed for applications in commercial vehicle cabs. “

Separately, ValuEngine upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th.

Commercial Vehicle Group (CVGI) traded down $0.20 during trading hours on Tuesday, reaching $10.77. The company’s stock had a trading volume of 155,225 shares, compared to its average volume of 220,250. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $333.88, a PE ratio of 53.85 and a beta of 1.00. Commercial Vehicle Group has a twelve month low of $5.15 and a twelve month high of $11.85.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.11. The firm had revenue of $198.30 million during the quarter, compared to analyst estimates of $173.90 million. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. research analysts forecast that Commercial Vehicle Group will post 0.32 EPS for the current year.

Several institutional investors have recently modified their holdings of CVGI. Glenmede Trust Co. NA grew its position in shares of Commercial Vehicle Group by 885.9% during the first quarter. Glenmede Trust Co. NA now owns 2,313,994 shares of the company’s stock valued at $6,132,000 after purchasing an additional 2,079,294 shares in the last quarter. Eagle Asset Management grew its position in shares of Commercial Vehicle Group by 95.0% during the third quarter. Eagle Asset Management now owns 2,538,402 shares of the company’s stock valued at $10,228,000 after purchasing an additional 1,236,904 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Commercial Vehicle Group by 163.6% during the third quarter. Acadian Asset Management LLC now owns 1,221,177 shares of the company’s stock valued at $7,058,000 after purchasing an additional 757,835 shares in the last quarter. Rockshelter Capital Management LLC grew its position in shares of Commercial Vehicle Group by 409.5% during the first quarter. Rockshelter Capital Management LLC now owns 875,165 shares of the company’s stock valued at $5,925,000 after purchasing an additional 703,385 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Commercial Vehicle Group by 50.1% during the second quarter. Renaissance Technologies LLC now owns 1,864,305 shares of the company’s stock valued at $15,753,000 after purchasing an additional 622,305 shares in the last quarter. Hedge funds and other institutional investors own 76.44% of the company’s stock.

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About Commercial Vehicle Group

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.

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