BlackRock Discloses Passive Stake in Commercial Vehicle Group

TL;DR

**BlackRock just revealed a big, passive stake in Commercial Vehicle Group (CVGI).**

AI Summary

BlackRock Inc., a major investment firm, reported on January 26, 2024, that as of December 31, 2023, it holds a significant stake in Commercial Vehicle Group, Inc. (CVGI). This filing indicates BlackRock's passive ownership, meaning they aren't trying to influence company management. For investors, this matters because BlackRock's substantial holding signals institutional confidence in CVGI, potentially attracting other investors and providing a degree of stability to the stock.

Why It Matters

This filing shows a major institutional investor, BlackRock, has a significant, passive stake in Commercial Vehicle Group, Inc., which can be seen as a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive institutional investment, which generally reduces volatility and doesn't signal immediate risks.

Analyst Insight

An investor might view BlackRock's passive stake as a positive signal of institutional confidence in Commercial Vehicle Group, Inc., but should still conduct their own due diligence on the company's fundamentals before making investment decisions.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person, a major investment firm
• Commercial Vehicle Group, Inc. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the date the SC 13G filing was made

Forward-Looking Statements

• BlackRock will maintain a passive investment strategy in Commercial Vehicle Group, Inc. (BlackRock Inc.) — high confidence, target: 2025-01-26

FAQ

From the Filing

0001086364-24-004598.txt : 20240126 0001086364-24-004598.hdr.sgml : 20240126 20240126162342 ACCESSION NUMBER: 0001086364-24-004598 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Commercial Vehicle Group, Inc. CENTRAL INDEX KEY: 0001290900 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 411990662 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80424 FILM NUMBER: 24568105 BUSINESS ADDRESS: STREET 1: 7800 WALTON PARKWAY CITY: NEW ALBANY STATE: OH ZIP: 43054 BUSINESS PHONE: 614 289 5360 MAIL ADDRESS: STREET 1: 7800 WALTON PARKWAY CITY: NEW ALBANY STATE: OH ZIP: 43054 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us2026081057_012624.txt us2026081057_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) Commercial Vehicle Group Inc -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 202608105 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 202608105 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 2398048 (6) Shared voting power 0 (7) Sole dispositive power 2443576 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 2443576 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Commercial Vehicle Group Inc Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 7800 WALTON PARKWAY New Albany OH 43054 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -------------