Peapod Lane Capital LLC Purchases 346,960 Shares of Commercial Vehicle Group, Inc. $CVGI

Peapod Lane Capital LLC raised its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 61.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 912,050 shares of the company’s stock after acquiring an additional 346,960 shares during the quarter. Peapod Lane Capital LLC owned approximately 2.63% of Commercial Vehicle Group worth $1,514,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in Commercial Vehicle Group by 125.4% in the second quarter. Assenagon Asset Management S.A. now owns 82,569 shares of the company’s stock valued at $137,000 after acquiring an additional 45,944 shares during the period. Anderson Financial Strategies LLC increased its position in Commercial Vehicle Group by 9.7% in the first quarter. Anderson Financial Strategies LLC now owns 332,497 shares of the company’s stock worth $382,000 after buying an additional 29,286 shares in the last quarter. Strs Ohio purchased a new stake in Commercial Vehicle Group in the first quarter worth about $195,000. Jane Street Group LLC increased its position in Commercial Vehicle Group by 259.3% in the first quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock worth $85,000 after buying an additional 53,468 shares in the last quarter. Finally, Huber Capital Management LLC increased its position in Commercial Vehicle Group by 39.3% in the first quarter. Huber Capital Management LLC now owns 1,418,322 shares of the company’s stock worth $1,631,000 after buying an additional 400,004 shares in the last quarter. Institutional investors own 72.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CVGI shares. Zacks Research upgraded Commercial Vehicle Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of Commercial Vehicle Group in a research report on Friday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Commercial Vehicle Group Stock Performance

NASDAQ CVGI opened at $1.70 on Friday. The stock has a market capitalization of $62.69 million, a PE ratio of -1.50 and a beta of 2.02. The business has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $1.55. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.41 and a quick ratio of 1.48. Commercial Vehicle Group, Inc. has a 1-year low of $0.81 and a 1-year high of $3.25.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $171.96 million for the quarter, compared to analysts’ expectations of $161.63 million. Commercial Vehicle Group had a negative net margin of 5.66% and a negative return on equity of 7.40%. Commercial Vehicle Group has set its FY 2025 guidance at EPS. On average, research analysts predict that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current fiscal year.

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.