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 reduced its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 11.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,539 shares of the auto parts company's stock after selling 28,832 shares during the quarter. Acadian Asset Management LLC owned 1.33% of Cooper-Standard worth $3,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC raised its position in Cooper-Standard by 22.3% during the first quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company's stock worth $6,444,000 after acquiring an additional 76,744 shares in the last quarter. Millennium Management LLC raised its position in shares of Cooper-Standard by 89.9% in the first 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 position in shares of Cooper-Standard by 24.5% in the first 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. Raymond James Financial Inc. raised its position in shares of Cooper-Standard by 19.7% in the first quarter. Raymond James Financial Inc. now owns 222,716 shares of the auto parts company's stock valued at $3,412,000 after purchasing an additional 36,716 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Cooper-Standard by 21.9% in the first 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. 69.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CPS. Wall Street Zen raised shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Zacks Research raised shares of Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. Finally, Stifel Nicolaus began coverage on shares of Cooper-Standard in a research report on Thursday, August 21st. They issued a "buy" rating and a $39.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $25.50.

Cooper-Standard Stock Down 2.9%

Shares of Cooper-Standard stock opened at $37.94 on Monday. The company has a market capitalization of $668.88 million, a price-to-earnings ratio of 23.42 and a beta of 2.72. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $39.79. The firm's 50-day moving average price is $29.20 and its two-hundred day moving average price is $22.08.

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

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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