Charles Schwab Investment Management Inc. lessened its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 73.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,887 shares of the auto parts company's stock after selling 135,777 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.28% of Cooper-Standard worth $749,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Fiduciary Alliance LLC boosted its stake 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 valued at $6,444,000 after acquiring an additional 76,744 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in 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 acquiring an additional 45,717 shares in the last quarter. Millennium Management LLC boosted its stake 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 valued at $2,221,000 after acquiring an additional 134,008 shares in the last quarter. Northern Trust Corp boosted its stake in Cooper-Standard by 1.3% in the fourth quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company's stock valued at $1,961,000 after acquiring an additional 1,925 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Cooper-Standard by 89.0% in the first quarter. GSA Capital Partners LLP now owns 126,242 shares of the auto parts company's stock valued at $1,934,000 after acquiring an additional 59,433 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.
Cooper-Standard Trading Down 2.0%
Shares of CPS traded down $0.77 during mid-day trading on Friday, hitting $38.28. 182,734 shares of the company's stock were exchanged, compared to its average volume of 215,890. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $39.79. The firm has a market capitalization of $674.88 million, a P/E ratio of 23.63 and a beta of 2.72. The business's 50 day moving average is $27.65 and its two-hundred day moving average is $21.26.
Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Thursday, July 31st. The auto parts company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.12. The business had revenue of $705.97 million for the quarter, compared to analyst estimates of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.
Wall Street Analyst Weigh In
Several research firms have issued reports on CPS. Wall Street Zen upgraded shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus began coverage on shares of Cooper-Standard in a research note on Thursday, August 21st. They issued a "buy" rating and a $39.00 price objective for the company. Finally, Zacks Research upgraded shares of Cooper-Standard to a "hold" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $25.50.
View Our Latest Stock Analysis 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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