10,119 Shares in Cooper-Standard Holdings Inc. (NYSE:CPS) Acquired by Cerity Partners LLC

Key Points

• Cerity Partners LLC acquired a new stake in Cooper-Standard Holdings Inc., purchasing 10,119 shares worth approximately $155,000, representing about 0.06% of the company.
• Cooper-Standard's stock has experienced a recent decline of 2.8% and has a market cap of $434.36 million, with a twelve-month price range between $10.38 and $26.73.
• Wall Street analysts upgraded Cooper-Standard from a "buy" to a "strong-buy" rating, indicating increased confidence in the company’s future performance.

Cerity Partners LLC acquired a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,119 shares of the auto parts company's stock, valued at approximately $155,000. Cerity Partners LLC owned about 0.06% of Cooper-Standard as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Cooper-Standard in the fourth quarter worth about $2,522,000. Millennium Management LLC raised its holdings in Cooper-Standard by 449.7% in the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock worth $2,221,000 after purchasing an additional 134,008 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Cooper-Standard by 109.6% in the fourth quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock worth $2,189,000 after purchasing an additional 84,412 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in Cooper-Standard by 22.3% in the first quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company's stock worth $6,444,000 after purchasing an additional 76,744 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Cooper-Standard by 105.8% in the fourth quarter. Jane Street Group LLC now owns 114,147 shares of the auto parts company's stock worth $1,548,000 after purchasing an additional 58,691 shares in the last quarter. Institutional investors own 69.11% of the company's stock.

Cooper-Standard Stock Up 8.5%

Shares of CPS traded up $2.06 during mid-day trading on Friday, hitting $26.16. 946,239 shares of the company traded hands, compared to its average volume of 157,483. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $30.82. The company has a market capitalization of $459.11 million, a PE ratio of 16.15 and a beta of 2.92. The business has a 50 day moving average of $22.77 and a 200 day moving average of $18.38.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted 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 company had revenue of $705.97 million for the quarter, compared to analyst estimates of $687.00 million.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Citigroup assumed coverage on shares of Cooper-Standard in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 target price for the company.

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.