Nordea Investment Management AB Has $1.07 Million Stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Nordea Investment Management AB raised its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,100 shares of the company’s stock after buying an additional 4,500 shares during the quarter. Nordea Investment Management AB owned about 0.44% of Commercial Vehicle Group worth $1,067,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Royce & Associates LP lifted its holdings in shares of Commercial Vehicle Group by 15.3% during the first quarter. Royce & Associates LP now owns 2,240,660 shares of the company’s stock worth $17,186,000 after buying an additional 297,233 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Commercial Vehicle Group by 0.3% during the fourth quarter. BlackRock Inc. now owns 1,914,761 shares of the company’s stock worth $10,913,000 after buying an additional 5,740 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Commercial Vehicle Group by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,777,364 shares of the company’s stock worth $10,131,000 after buying an additional 23,171 shares during the last quarter. Alambic Investment Management L.P. lifted its holdings in shares of Commercial Vehicle Group by 168.8% during the fourth quarter. Alambic Investment Management L.P. now owns 459,231 shares of the company’s stock worth $2,618,000 after buying an additional 288,382 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of Commercial Vehicle Group by 8.8% during the first quarter. Dalton Greiner Hartman Maher & Co. now owns 451,362 shares of the company’s stock worth $3,462,000 after buying an additional 36,631 shares during the last quarter. Institutional investors own 80.87% of the company’s stock.

CVGI has been the topic of a number of research reports. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. ValuEngine upgraded Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th.

Shares of CVGI traded up $0.10 on Friday, reaching $7.66. 100,151 shares of the stock traded hands, compared to its average volume of 297,660. The firm has a market cap of $239.45 million, a price-to-earnings ratio of 5.40 and a beta of 2.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.68 and a current ratio of 2.38. Commercial Vehicle Group, Inc. has a 12 month low of $5.35 and a 12 month high of $10.28. The stock’s 50-day moving average is $7.23.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Monday, May 6th. The company reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $243.16 million for the quarter. Commercial Vehicle Group had a return on equity of 38.85% and a net margin of 4.95%.

Commercial Vehicle Group Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.

Further Reading: Cost of equity and a company’s balance sheet

Institutional Ownership by Quarter for Commercial Vehicle Group (NASDAQ:CVGI)

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