Cetera Investment Advisers Buys New Shares in Cooper-Standard Holdings Inc. $CPS

Key Points

• Cetera Investment Advisers has purchased 10,306 shares of Cooper-Standard Holdings Inc., valued at approximately $158,000, representing a 0.06% stake in the company.
• In the 1st quarter, several institutional investors significantly raised their stakes in Cooper-Standard, with Nisa Investment Advisors LLC increasing its ownership by 11,273.9%.
• Cooper-Standard's stock has seen fluctuations between a 52-week low of $10.38 and a high of $35.11, currently trading at $34.20.

Cetera Investment Advisers bought a new position in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,306 shares of the auto parts company's stock, valued at approximately $158,000. Cetera Investment Advisers owned about 0.06% of Cooper-Standard at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Cooper-Standard during the 4th quarter worth $2,522,000. Millennium Management LLC boosted its stake in shares of Cooper-Standard by 449.7% during the fourth 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 grew its holdings in shares of 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 purchasing an additional 76,744 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Cooper-Standard by 105.8% during 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 during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Cooper-Standard by 34.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 179,579 shares of the auto parts company's stock valued at $2,435,000 after buying an additional 45,717 shares during the period. 69.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Cooper-Standard in a research report on Thursday. They set a "buy" rating and a $39.00 target price on the stock. Wall Street Zen raised shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $25.50.

Cooper-Standard Trading Down 0.3%

Shares of NYSE:CPS traded down $0.1150 during trading on Monday, reaching $34.0650. The stock had a trading volume of 241,282 shares, compared to its average volume of 265,484. Cooper-Standard Holdings Inc. has a 52 week low of $10.38 and a 52 week high of $35.11. The firm's fifty day moving average is $24.71 and its 200 day moving average is $19.84.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its earnings results 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 firm had revenue of $705.97 million during the quarter, compared to analyst estimates of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

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.