Acadian Asset Management LLC Sells 28,832 Shares of Cooper-Standard Holdings Inc. $CPS

Key Points

• Acadian Asset Management LLC reduced its stake in Cooper-Standard Holdings Inc. by 11.0%, selling 28,832 shares during the first quarter, now holding 232,539 shares valued at approximately $3.56 million.
• Analysts have recently upgraded their ratings for Cooper-Standard, with Wall Street Zen elevating it from a "buy" to a "strong-buy", while Zacks Research issued a "hold" rating.
• Cooper-Standard's stock opened at $37.94 with a market capitalization of $668.88 million, reporting quarterly earnings that surpassed analysts' expectations.

Acadian Asset Management LLC lessened its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 11.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 232,539 shares of the auto parts company's stock after selling 28,832 shares during the period. Acadian Asset Management LLC owned about 1.33% of Cooper-Standard worth $3,561,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in Cooper-Standard by 21.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company's stock valued at $3,286,000 after purchasing an additional 38,489 shares during the period. Millennium Management LLC raised its stake in Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock valued at $4,765,000 after purchasing an additional 147,209 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Cooper-Standard by 24.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 223,558 shares of the auto parts company's stock valued at $3,425,000 after purchasing an additional 43,979 shares during the period. AQR Capital Management LLC raised its stake in Cooper-Standard by 1,345.8% during the 1st quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company's stock valued at $2,321,000 after purchasing an additional 141,049 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Cooper-Standard by 343.0% in the first quarter. Royal Bank of Canada now owns 25,628 shares of the auto parts company's stock worth $393,000 after acquiring an additional 19,843 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Price Performance

NYSE:CPS traded down $1.18 during trading hours on Friday, reaching $37.78. The company's stock had a trading volume of 204,215 shares, compared to its average volume of 192,005. The company has a market cap of $666.06 million, a price-to-earnings ratio of 23.32 and a beta of 2.72. Cooper-Standard Holdings Inc. has a one year low of $10.38 and a one year high of $40.67. The business's 50-day moving average is $30.68 and its 200-day moving average is $22.81.

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

Wall Street Analyst Weigh In

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

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.