Cetera Investment Advisers bought a new position in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,306 shares of the auto parts company's stock, valued at approximately $158,000. Cetera Investment Advisers owned approximately 0.06% of Cooper-Standard at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in CPS. CWM LLC boosted its stake in shares of Cooper-Standard by 391.9% during the first quarter. CWM LLC now owns 7,457 shares of the auto parts company's stock valued at $114,000 after purchasing an additional 5,941 shares in the last quarter. Cerity Partners LLC purchased a new stake in Cooper-Standard during the first quarter valued at approximately $155,000. Nisa Investment Advisors LLC lifted its position in Cooper-Standard by 11,273.9% during the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 2,593 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Cooper-Standard during the first quarter valued at approximately $74,000. Finally, Fiduciary Alliance LLC lifted 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 valued at $6,444,000 after acquiring an additional 76,744 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.
Cooper-Standard Trading Up 1.3%
Shares of NYSE CPS traded up $0.47 during midday trading on Thursday, reaching $36.06. The company had a trading volume of 229,339 shares, compared to its average volume of 265,971. The business's 50-day simple moving average is $25.58 and its 200 day simple moving average is $20.21. The stock has a market cap of $635.68 million, a P/E ratio of 22.26 and a beta of 2.92. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $36.50.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $705.97 million during the quarter, compared to analysts' expectations of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Cooper-Standard in a research report on Thursday, August 21st. They set a "buy" rating and a $39.00 target price for the company. Zacks Research raised shares of Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. Finally, 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. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $25.50.
Get Our Latest Research Report on CPS
About Cooper-Standard
(
Free Report)
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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