Assenagon Asset Administration S.A. cut its stake in Commercial Car Group, Inc. (NASDAQ:CVGI – Get Ranking) by 85.8% during the very first quarter, according to its most new 13F filing with the Securities and Trade Commission. The business owned 36,539 shares of the company’s stock following selling 220,759 shares in the course of the quarter. Assenagon Asset Management S.A.’s holdings in Professional Vehicle Team ended up truly worth $309,000 at the stop of the most recent quarter.
A quantity of other institutional buyers and hedge resources have also designed variations to their positions in CVGI. Summit Global Investments grew its stake in Industrial Motor vehicle Group by 9.8% during the 4th quarter. Summit World-wide Investments now owns 53,800 shares of the company’s stock value $434,000 just after purchasing an added 4,800 shares throughout the very last quarter. Forager Cash Management LLC ordered a new position in Professional Motor vehicle Group in the course of the 4th quarter worth $8,726,000. Teton Advisors Inc. grew its stake in Industrial Car or truck Team by 3.1% through the 4th quarter. Teton Advisors Inc. now owns 293,693 shares of the company’s stock value $2,367,000 right after obtaining an further 8,700 shares for the duration of the last quarter. Gamco Buyers INC. ET AL grew its stake in Commercial Car or truck Team by 11.4% all through the 4th quarter. Gamco Buyers INC. ET AL now owns 786,085 shares of the company’s stock well worth $6,336,000 soon after buying an supplemental 80,400 shares through the past quarter. Ultimately, BNP Paribas Arbitrage SA grew its stake in Industrial Automobile Team by 62.1% in the course of the 4th quarter. BNP Paribas Arbitrage SA now owns 13,121 shares of the company’s inventory worth $106,000 soon after getting an supplemental 5,025 shares through the last quarter. 59.49% of the inventory is at this time owned by hedge money and other institutional investors.
Analyst Updates and Downgrades
CVGI has been the issue of a amount of study experiences. Barrington Exploration reaffirmed a “buy” rating and established a $14.00 value target on shares of Industrial Car Group in a exploration report on Friday, May perhaps 6th. StockNews.com raised Professional Motor vehicle Team from a “hold” score to a “buy” ranking in a investigation report on Saturday, June 18th.
Commercial Car or truck Team Stock Overall performance
Shares of CVGI opened at $6.61 on Wednesday. The inventory has a 50-day shifting normal of $6.23 and a two-hundred day shifting normal of $7.31. Industrial Car or truck Group, Inc. has a a single year small of $5.23 and a a person yr large of $10.84. The business has a personal debt-to-equity ratio of 1.59, a brief ratio of 1.46 and a present ratio of 2.32. The inventory has a market cap of $217.77 million, a P/E ratio of 11.20, a P/E/G ratio of .29 and a beta of 3.17.
Commercial Motor vehicle Team (NASDAQ:CVGI – Get Score) previous issued its quarterly earnings info on Wednesday, Could 4th. The company claimed $.16 earnings for every share (EPS) for the quarter, conference the consensus estimate of $.16. The small business experienced revenue of $244.37 million throughout the quarter, when compared to analysts’ expectations of $228.97 million. Professional Automobile Group experienced a return on equity of 22.91% and a web margin of 1.98%. As a group, exploration analysts forecast that Commercial Car Team, Inc. will article 1.03 EPS for the present-day yr.
Commercial Automobile Group Profile
Commercial Car or truck Team, Inc, collectively with its subsidiaries, types, manufactures, creates, and sells components and assemblies in North The us, Europe, and the Asia-Pacific locations. It operates in four segments: Auto Remedies, Warehouse Automation, Electrical Units, and Aftermarket & Add-ons.
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