Public Employees Retirement System of Ohio Acquires New Stake in Covenant Logistics Group, Inc. $CVLG

Posted by Geri Gentry on Sep 10th, 2026

Public Employees Retirement System of Ohio acquired a new position in shares of Covenant Logistics Group, Inc. (NYSE:CVLG – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,281 shares of the company’s stock, valued at approximately $631,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Covenant Logistics Group at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Covenant Logistics Group in the 3rd quarter valued at about $33,000. BNP Paribas Financial Markets grew its holdings in shares of Covenant Logistics Group by 45.3% during the second quarter. BNP Paribas Financial Markets now owns 1,562 shares of the company’s stock worth $38,000 after buying an additional 487 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Covenant Logistics Group in the second quarter valued at approximately $39,000. Tower Research Capital LLC TRC raised its position in shares of Covenant Logistics Group by 127.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,971 shares of the company’s stock valued at $48,000 after buying an additional 1,103 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Covenant Logistics Group during the fourth quarter valued at approximately $148,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Covenant Logistics Group Stock Performance

NYSE:CVLG opened at $35.24 on Thursday. The company has a market cap of $894.39 million, a P/E ratio of 320.39 and a beta of 1.29. The firm’s 50 day moving average is $39.31 and its two-hundred day moving average is $35.72. Covenant Logistics Group, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $49.88. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 0.55.

Covenant Logistics Group (NYSE:CVLG – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $332.87 million during the quarter. Covenant Logistics Group had a net margin of 0.31% and a return on equity of 9.14%. Analysts expect that Covenant Logistics Group, Inc. will post 1.6 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on CVLG. National Bank Financial set a $60.00 price target on Covenant Logistics Group in a report on Wednesday, July 15th. Robert W. Baird set a $50.00 price objective on Covenant Logistics Group and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Citizens Jmp began coverage on Covenant Logistics Group in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $60.00 target price for the company. Wall Street Zen downgraded Covenant Logistics Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Citigroup assumed coverage on Covenant Logistics Group in a research note on Wednesday, July 15th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Covenant Logistics Group presently has an average rating of “Moderate Buy” and an average price target of $51.80.

Check Out Our Latest Analysis on Covenant Logistics Group

Covenant Logistics Group Company Profile

(Free Report)

Covenant Logistics Group provides a comprehensive suite of transportation and logistics services across North America. The company’s core offerings include less‐than‐truckload (LTL) and full truckload hauling, temperature‐controlled freight, intermodal transportation and freight brokerage. Covenant also delivers specialized solutions such as expedited “hot‐shot” deliveries, cross‐border shipping to Canada and Mexico, and dedicated contract carriage for time‐sensitive or high‐value shipments.

With a network of service centers, terminals and partner carriers strategically located throughout the United States, Covenant supports diverse industries including food and beverage, automotive, retail, energy and manufacturing.