Raymond James Financial Inc. Grows Stock Holdings in Cooper-Standard Holdings Inc. $CPS

Raymond James Financial Inc. boosted its stake in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 19.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,716 shares of the auto parts company's stock after purchasing an additional 36,716 shares during the period. Raymond James Financial Inc. owned about 1.27% of Cooper-Standard worth $3,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CPS. Nuveen LLC acquired a new position in shares of Cooper-Standard during the 1st quarter valued at $938,000. Virtu Financial LLC acquired a new stake in shares of Cooper-Standard in the 1st quarter valued at about $163,000. US Bancorp DE grew its stake in shares of Cooper-Standard by 86.9% in the 1st quarter. US Bancorp DE now owns 4,400 shares of the auto parts company's stock valued at $67,000 after buying an additional 2,046 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Cooper-Standard by 21.6% in the 1st quarter. Arkadios Wealth Advisors now owns 59,042 shares of the auto parts company's stock valued at $905,000 after buying an additional 10,474 shares during the period. Finally, GSA Capital Partners LLP grew its stake in shares of Cooper-Standard by 89.0% in the 1st quarter. GSA Capital Partners LLP now owns 126,242 shares of the auto parts company's stock valued at $1,934,000 after buying an additional 59,433 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Cooper-Standard Trading Up 0.7%

Shares of NYSE:CPS traded up $0.28 on Thursday, reaching $39.12. 42,523 shares of the company traded hands, compared to its average volume of 284,891. The business's 50-day simple moving average is $28.62 and its 200 day simple moving average is $21.67. Cooper-Standard Holdings Inc. has a 52 week low of $10.38 and a 52 week high of $39.79. The stock has a market capitalization of $689.60 million, a P/E ratio of 24.15 and a beta of 2.72.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results on Thursday, July 31st. The auto parts company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.12. The firm had revenue of $705.97 million during the quarter, compared to the consensus estimate of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CPS. Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Zacks Research upgraded Cooper-Standard to a "hold" rating in a research note on Friday, August 22nd. Finally, Stifel Nicolaus started coverage on Cooper-Standard in a research note on Thursday, August 21st. They set a "buy" rating and a $39.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $25.50.

Cooper-Standard 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.