Walleye Capital LLC Buys Shares of 71,356 Cooper-Standard Holdings Inc. $CPS

Key Points

• Walleye Capital LLC has acquired 71,356 shares of Cooper-Standard Holdings Inc. for approximately $1,093,000, marking a 0.41% stake in the company.
• Other institutional investors have shown significant interest in Cooper-Standard, with Nisa Investment Advisors increasing its position by over 11,000% and CWM LLC raising its stake by nearly 392% in the 1st quarter.
• Cooper-Standard reported a quarterly EPS of $0.06, beating estimates, and has received upgrades from various brokerages, including a shift to a "strong-buy" rating by Wall Street Zen.

Walleye Capital LLC acquired a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 71,356 shares of the auto parts company's stock, valued at approximately $1,093,000. Walleye Capital LLC owned approximately 0.41% of Cooper-Standard as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased 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 worth $40,000 after purchasing an additional 2,593 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Cooper-Standard by 86.9% in the first quarter. US Bancorp DE now owns 4,400 shares of the auto parts company's stock worth $67,000 after buying an additional 2,046 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Cooper-Standard in the first quarter worth approximately $74,000. CWM LLC increased its position in shares of Cooper-Standard by 391.9% in the first quarter. CWM LLC now owns 7,457 shares of the auto parts company's stock worth $114,000 after acquiring an additional 5,941 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Cooper-Standard by 2,218.4% during the first quarter. GAMMA Investing LLC now owns 8,717 shares of the auto parts company's stock valued at $134,000 after acquiring an additional 8,341 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CPS shares. Zacks Research upgraded Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Finally, Stifel Nicolaus started coverage on shares of Cooper-Standard in a research report on Thursday, August 21st. They set a "buy" rating and a $39.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Cooper-Standard has a consensus rating of "Hold" and a consensus price target of $25.50.

Cooper-Standard Stock Up 3.0%

CPS stock traded up $1.16 during trading hours on Thursday, hitting $39.23. The company's stock had a trading volume of 115,146 shares, compared to its average volume of 287,583. The stock has a 50 day moving average price of $26.96 and a two-hundred day moving average price of $20.85. Cooper-Standard Holdings Inc. has a 12 month low of $10.38 and a 12 month high of $39.50. The company has a market capitalization of $691.62 million, a PE ratio of 24.19 and a beta of 2.72.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.12. The business had revenue of $705.97 million during the quarter, compared to analyst estimates of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Cooper-Standard Company Profile

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.