Cubist Systematic Strategies LLC Has $516,000 Stock Holdings in Cooper-Standard Holdings Inc. $CPS

Key Points

• Cubist Systematic Strategies LLC reduced its holdings in Cooper-Standard Holdings Inc. by 16.1%, now owning 33,665 shares valued at approximately $516,000.
• Several institutional investors, including Nuveen LLC and Millennium Management LLC, have made significant investments in Cooper-Standard, with institutional ownership now standing at 69.11%.
• Analysts have recently upgraded Cooper-Standard's stock rating to "strong-buy" and set an average target price of $25.50, reflecting positive sentiment towards the company's performance.

Cubist Systematic Strategies LLC lowered its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 16.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,665 shares of the auto parts company's stock after selling 6,464 shares during the period. Cubist Systematic Strategies LLC owned about 0.19% of Cooper-Standard worth $516,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CPS. Nuveen LLC acquired a new stake in shares of Cooper-Standard in the first quarter valued at about $938,000. Millennium Management LLC boosted its holdings 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 worth $2,221,000 after acquiring an additional 134,008 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Cooper-Standard in the fourth quarter worth approximately $239,000. Squarepoint Ops LLC bought a new position in shares of Cooper-Standard in the fourth quarter valued at approximately $263,000. Finally, Walleye Capital LLC bought a new position in shares of Cooper-Standard in the first quarter valued at approximately $1,093,000. Institutional investors and hedge funds own 69.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CPS shares. Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Stifel Nicolaus began coverage on Cooper-Standard in a research report on Thursday, August 21st. They issued a "buy" rating and a $39.00 price target for the company. Finally, Zacks Research upgraded Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.50.

Cooper-Standard Price Performance

Shares of NYSE:CPS opened at $38.84 on Thursday. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $39.79. The stock's 50-day moving average is $28.62 and its 200 day moving average is $21.67. The company has a market cap of $684.68 million, a PE ratio of 23.97 and a beta of 2.72.

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

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.

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