United Services Automobile Association increased its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 65.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 119,294 shares of the company’s stock after buying an additional 47,000 shares during the quarter. United Services Automobile Association’s holdings in Commercial Vehicle Group were worth $876,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CVGI. BlackRock Inc. increased its stake in shares of Commercial Vehicle Group by 25.0% in the 2nd quarter. BlackRock Inc. now owns 1,701,349 shares of the company’s stock worth $12,487,000 after acquiring an additional 340,003 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Commercial Vehicle Group by 2,524.1% during the 1st quarter. Allianz Asset Management GmbH now owns 266,742 shares of the company’s stock valued at $2,067,000 after purchasing an additional 256,577 shares in the last quarter. Alambic Investment Management L.P. increased its stake in Commercial Vehicle Group by 43.2% during the 1st quarter. Alambic Investment Management L.P. now owns 616,068 shares of the company’s stock valued at $4,775,000 after purchasing an additional 185,926 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in Commercial Vehicle Group during the 1st quarter valued at about $1,217,000. Finally, D.C. Capital Advisors Ltd increased its stake in Commercial Vehicle Group by 60.0% during the 1st quarter. D.C. Capital Advisors Ltd now owns 400,000 shares of the company’s stock valued at $3,100,000 after purchasing an additional 150,000 shares in the last quarter. Institutional investors own 77.25% of the company’s stock.

Shares of NASDAQ CVGI opened at $8.88 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt-to-equity ratio of 1.72. The stock has a market cap of $275.76 million, a PE ratio of 8.62 and a beta of 1.76. Commercial Vehicle Group, Inc. has a 52-week low of $6.38 and a 52-week high of $13.90.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The firm had revenue of $233.39 million for the quarter, compared to the consensus estimate of $232.60 million. Commercial Vehicle Group had a net margin of 2.46% and a return on equity of 38.01%. equities research analysts forecast that Commercial Vehicle Group, Inc. will post 1.4 earnings per share for the current fiscal year.

CVGI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a research note on Friday, August 10th. ValuEngine upgraded shares of Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research note on Monday, June 11th. BidaskClub upgraded shares of Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 16th. Finally, TheStreet upgraded shares of Commercial Vehicle Group from a “d+” rating to a “c” rating in a research note on Thursday, May 31st.

Commercial Vehicle Group Company 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, the Global Truck and Bus, and the Global Construction and Agriculture.

Further Reading: Trading Strategy

Want to see what other hedge funds are holding CVGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Commercial Vehicle Group, Inc. (NASDAQ:CVGI).

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

Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.