Cooper-Standard (NYSE:CPS) Sets New 1-Year High Following Strong Earnings

Key Points

• Cooper-Standard Holdings Inc. reached a new 52-week high of $29.32 after reporting better-than-expected earnings, with $0.06 EPS and revenue of $705.97 million for the quarter.
• Several research firms have reacted to the company's performance, with Wall Street Zen upgrading Cooper-Standard from a "buy" to a "strong-buy" rating.
• Institutional investors own 69.11% of the company's stock, with significant increases in holdings from firms like Nisa Investment Advisors and US Bancorp DE.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) hit a new 52-week high during mid-day trading on Friday following a stronger than expected earnings report. The company traded as high as $28.40 and last traded at $29.32, with a volume of 5706 shares trading hands. The stock had previously closed at $24.10.

The auto parts company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.12. The business had revenue of $705.97 million for the quarter, compared to the consensus estimate of $687.00 million.

Analyst Ratings Changes

Several research firms have weighed in on CPS. Citigroup began coverage on shares of Cooper-Standard in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price objective for the company. Wall Street Zen upgraded shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th.

Institutional Trading of Cooper-Standard

A number of institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in Cooper-Standard by 11,273.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 2,593 shares during the last quarter. National Bank of Canada FI bought a new position in Cooper-Standard in the 4th quarter valued at approximately $54,000. US Bancorp DE lifted its stake in Cooper-Standard by 86.9% in the 1st quarter. US Bancorp DE now owns 4,400 shares of the auto parts company's stock valued at $67,000 after purchasing an additional 2,046 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Cooper-Standard in the 1st quarter valued at approximately $74,000. Finally, Quarry LP bought a new position in Cooper-Standard in the 4th quarter valued at approximately $79,000. Institutional investors own 69.11% of the company's stock.

Cooper-Standard Stock Performance

The firm has a market cap of $501.23 million, a P/E ratio of -10.77 and a beta of 2.79. The company's 50 day moving average is $22.68 and its 200 day moving average is $18.30.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.

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