16,790 Shares in Cooper-Standard Holdings Inc. $CPS Purchased by Algert Global LLC

Key Points

• Algert Global LLC acquired a new stake in Cooper-Standard Holdings Inc. during Q1, buying 16,790 shares valued at approximately $257,000.
• Several institutional investors, including Nisa Investment Advisors LLC and CWM LLC, significantly increased their holdings in Cooper-Standard, reflecting a growing interest in the stock.
• Cooper-Standard recently reported earnings that surpassed expectations, with an EPS of $0.06 and revenue of $705.97 million, prompting analysts to set new price targets with a consensus of $25.50.

Algert Global LLC bought a new stake in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,790 shares of the auto parts company's stock, valued at approximately $257,000. Algert Global LLC owned approximately 0.10% of Cooper-Standard as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Cooper-Standard in the 4th quarter valued at about $2,522,000. Millennium Management LLC increased its holdings in shares of Cooper-Standard by 449.7% in the 4th quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock valued at $2,221,000 after purchasing an additional 134,008 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Cooper-Standard by 22.3% in the 1st quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company's stock valued at $6,444,000 after purchasing an additional 76,744 shares in the last quarter. Nuveen LLC purchased a new position in shares of Cooper-Standard in the 1st quarter valued at about $938,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Cooper-Standard by 89.0% in the 1st quarter. GSA Capital Partners LLP now owns 126,242 shares of the auto parts company's stock valued at $1,934,000 after purchasing an additional 59,433 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

Wall Street Analysts Forecast Growth

CPS has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Cooper-Standard to a "hold" rating in a 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 initiated coverage on shares of Cooper-Standard in a report on Thursday, August 21st. They issued a "buy" rating and a $39.00 price target for the company. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $25.50.

Cooper-Standard Stock Performance

NYSE:CPS traded up $0.58 during mid-day trading on Friday, hitting $36.71. 186,220 shares of the company's stock traded hands, compared to its average volume of 226,109. The firm's 50 day simple moving average is $25.91 and its 200 day simple moving average is $20.44. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $37.02. The company has a market cap of $647.20 million, a PE ratio of 22.66 and a beta of 2.72.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its earnings results on Thursday, July 31st. The auto parts company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.12. The business had revenue of $705.97 million for the quarter, compared to analysts' expectations 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.