Empowered Funds LLC Buys Shares of 142,959 Cooper-Standard Holdings Inc. $CPS

Key Points

• Empowered Funds LLC acquired 142,959 Cooper-Standard shares in the second quarter, worth approximately $3.87 million and representing about 0.80% of the company. Institutional investors collectively own 69.11% of CPS.
• Cooper-Standard reported a quarterly loss of $0.13 per share, missing the $0.54 consensus estimate, although revenue of $721.35 million exceeded expectations of $708.90 million.
• CPS opened at $25.19, near its 52-week low of $25.05. Analyst sentiment is cautious, with a consensus “Reduce” rating, despite a $48.33 average price target.

Empowered Funds LLC bought a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 142,959 shares of the auto parts company's stock, valued at approximately $3,867,000. Empowered Funds LLC owned about 0.80% of Cooper-Standard at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Arkadios Wealth Advisors grew its position in shares of Cooper-Standard by 0.5% in the fourth quarter. Arkadios Wealth Advisors now owns 50,748 shares of the auto parts company's stock valued at $1,666,000 after purchasing an additional 231 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Cooper-Standard by 4.8% during the 4th quarter. Intech Investment Management LLC now owns 6,810 shares of the auto parts company's stock worth $224,000 after purchasing an additional 312 shares during the last quarter. Cerity Partners LLC raised its position in shares of Cooper-Standard by 3.3% during the 4th quarter. Cerity Partners LLC now owns 9,951 shares of the auto parts company's stock worth $327,000 after purchasing an additional 320 shares during the last quarter. Deutsche Bank AG lifted its stake in Cooper-Standard by 1.0% in the 4th quarter. Deutsche Bank AG now owns 52,625 shares of the auto parts company's stock valued at $1,728,000 after buying an additional 544 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company's stock valued at $39,000 after buying an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

Cooper-Standard Price Performance

NYSE:CPS opened at $25.19 on Wednesday. The firm has a 50 day simple moving average of $27.97 and a 200-day simple moving average of $30.12. The firm has a market cap of $447.60 million, a PE ratio of -8.02 and a beta of 2.00. Cooper-Standard Holdings Inc. has a 1-year low of $25.05 and a 1-year high of $47.98.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Wednesday, August 5th. The auto parts company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.67). The company had revenue of $721.35 million for the quarter, compared to analysts' expectations of $708.90 million. As a group, sell-side analysts expect that Cooper-Standard Holdings Inc. will post 2.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPS has been the subject of several recent research reports. Weiss Ratings downgraded Cooper-Standard from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday. Zacks Research downgraded Cooper-Standard from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 21st. Finally, Stifel Nicolaus decreased their price objective on Cooper-Standard from $55.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Cooper-Standard presently has an average rating of "Reduce" and a consensus price target of $48.33.

About Cooper-Standard

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.

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