Cerity Partners LLC Invests $155,000 in Cooper-Standard Holdings Inc. (NYSE:CPS)

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 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,119 shares of the auto parts company's stock, valued at approximately $155,000. Cerity Partners LLC owned approximately 0.06% of Cooper-Standard as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Cooper-Standard by 11,273.9% in the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock worth $40,000 after acquiring an additional 2,593 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Cooper-Standard during the 4th quarter worth approximately $48,000. National Bank of Canada FI purchased a new stake in shares of Cooper-Standard in the fourth quarter valued at approximately $54,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Cooper-Standard in the first quarter valued at approximately $74,000. Finally, Quarry LP acquired a new stake in shares of Cooper-Standard in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 69.11% of the company's stock.

Cooper-Standard Stock Performance

CPS stock traded up $2.06 during midday trading on Friday, reaching $26.16. 946,239 shares of the company were exchanged, compared to its average volume of 297,527. The stock's 50-day simple moving average is $22.68 and its 200 day simple moving average is $18.30. The company has a market cap of $459.11 million, a price-to-earnings ratio of -9.91 and a beta of 2.79. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $30.82.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.93) by $1.12. The company had revenue of $667.07 million for the quarter, compared to analyst estimates of $670.00 million.

Analysts Set New Price Targets

CPS has been the topic of several analyst reports. Citigroup assumed coverage on Cooper-Standard in a report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price target on the stock. Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th.

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.