Cubist Systematic Strategies LLC Has $516,000 Stake 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 lessened its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 16.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,665 shares of the auto parts company's stock after selling 6,464 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.19% of Cooper-Standard worth $516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CPS. Royal Bank of Canada lifted its position in Cooper-Standard by 343.0% in the first quarter. Royal Bank of Canada now owns 25,628 shares of the auto parts company's stock worth $393,000 after purchasing an additional 19,843 shares during the period. Trexquant Investment LP raised its stake in shares of Cooper-Standard by 86.5% in the 1st quarter. Trexquant Investment LP now owns 136,453 shares of the auto parts company's stock valued at $2,090,000 after buying an additional 63,294 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Cooper-Standard during the 1st quarter worth about $1,093,000. Algert Global LLC acquired a new stake in shares of Cooper-Standard during the 1st quarter valued at about $257,000. Finally, Raymond James Financial Inc. increased its stake in Cooper-Standard by 19.7% in the first quarter. Raymond James Financial Inc. now owns 222,716 shares of the auto parts company's stock valued at $3,412,000 after acquiring an additional 36,716 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Cooper-Standard Stock Performance

Shares of NYSE CPS traded up $0.11 during mid-day trading on Tuesday, hitting $39.19. 137,651 shares of the stock were exchanged, compared to its average volume of 220,558. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $39.79. The stock's fifty day simple moving average is $29.81 and its two-hundred day simple moving average is $22.37. The company has a market cap of $690.92 million, a P/E ratio of 24.19 and a beta of 2.72.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Thursday, July 31st. The auto parts company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. The business 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.

Analysts Set New Price Targets

Several research analysts recently issued reports on CPS shares. Stifel Nicolaus began coverage on shares of Cooper-Standard in a research report on Thursday, August 21st. They issued a "buy" rating and a $39.00 price target for the company. Zacks Research upgraded Cooper-Standard to a "hold" rating in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. 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, the stock currently has a consensus 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.