EVR Research LP Invests $6.46 Million in Cooper-Standard Holdings Inc. $CPS

Key Points

• EVR Research LP acquired 175,000 shares of Cooper‑Standard (NYSE:CPS) in Q3 for about $6.46 million, representing roughly 3.9% of EVR's portfolio and about 0.99% ownership of Cooper‑Standard, making it EVR's sixth-largest position.
• Wall Street's consensus rating is Hold with an average target of $43.33, though analyst moves were mixed—Citigroup and Stifel raised targets while Weiss Ratings downgraded to a sell.
• Cooper‑Standard reported EPS of ($1.73), missing estimates by $0.78 while revenue of $672.4M topped expectations; the stock has a market cap around $535M and a 1‑year range of $10.38–$47.98.

EVR Research LP acquired a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 175,000 shares of the auto parts company's stock, valued at approximately $6,463,000. Cooper-Standard accounts for about 3.9% of EVR Research LP's portfolio, making the stock its 6th biggest position. EVR Research LP owned about 0.99% of Cooper-Standard as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Cooper-Standard in the third quarter valued at about $30,000. Geneos Wealth Management Inc. increased its position in Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company's stock worth $39,000 after purchasing an additional 682 shares during the period. Tower Research Capital LLC TRC increased its position in Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company's stock worth $53,000 after purchasing an additional 1,432 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $57,000. Finally, Abound Wealth Management purchased a new position in shares of Cooper-Standard during the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 69.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CPS shares. Citigroup lifted their price target on Cooper-Standard from $35.00 to $43.65 and gave the company a "neutral" rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded Cooper-Standard from a "buy" rating to a "hold" rating in a report on Sunday, February 22nd. Weiss Ratings lowered shares of Cooper-Standard from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, February 9th. Zacks Research raised shares of Cooper-Standard from a "strong sell" rating to a "hold" rating in a research note on Tuesday, December 30th. Finally, Stifel Nicolaus increased their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $43.33.

Cooper-Standard Price Performance

NYSE CPS opened at $30.35 on Friday. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $47.98. The company has a market capitalization of $535.37 million, a P/E ratio of -126.46 and a beta of 1.88. The business has a 50 day moving average price of $34.73 and a 200 day moving average price of $34.27.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its earnings results on Friday, February 13th. The auto parts company reported ($1.73) EPS for the quarter, missing analysts' consensus estimates of ($0.95) by ($0.78). The business had revenue of $672.37 million during the quarter, compared to the consensus estimate of $641.51 million.

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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