Fiduciary Alliance LLC Has $10.42 Million Holdings in Cooper-Standard Holdings Inc. $CPS

Key Points

• Fiduciary Alliance LLC increased its stake in Cooper-Standard Holdings Inc. by 15.2%, acquiring an additional 64,105 shares to hold a total of 484,741 shares worth approximately $10.4 million.
• Several other institutional investors, including Millennium Management LLC and AQR Capital Management LLC, have significantly increased their positions in Cooper-Standard, indicating a growing interest among large investors.
• Cooper-Standard has received upgrade ratings from analysts, with Zacks Research marking it as a "hold" and Stifel Nicolaus setting a "buy" rating with a price target of $39.00.

Fiduciary Alliance LLC lifted its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 15.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 484,741 shares of the auto parts company's stock after purchasing an additional 64,105 shares during the period. Cooper-Standard comprises about 0.8% of Fiduciary Alliance LLC's holdings, making the stock its 26th largest position. Fiduciary Alliance LLC owned 2.76% of Cooper-Standard worth $10,422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Cooper-Standard by 11,273.9% during the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock worth $40,000 after purchasing an additional 2,593 shares in the last quarter. US Bancorp DE increased its position in 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 acquiring an additional 2,046 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Cooper-Standard in the 1st quarter valued at about $74,000. CWM LLC grew its stake in shares of Cooper-Standard by 391.9% in the 1st quarter. CWM LLC now owns 7,457 shares of the auto parts company's stock valued at $114,000 after purchasing an additional 5,941 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Cooper-Standard by 2,218.4% in the 1st quarter. GAMMA Investing LLC now owns 8,717 shares of the auto parts company's stock valued at $134,000 after purchasing an additional 8,341 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus began coverage on Cooper-Standard in a research note on Thursday, August 21st. They issued a "buy" rating and a $39.00 target price on the stock. Zacks Research raised Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. Finally, Wall Street Zen raised Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Cooper-Standard has a consensus rating of "Hold" and an average target price of $25.50.

Cooper-Standard Price Performance

Shares of Cooper-Standard stock traded down $1.18 on Friday, hitting $37.78. 204,215 shares of the company's stock traded hands, compared to its average volume of 192,005. The firm's 50-day moving average price is $30.68 and its two-hundred day moving average price is $22.81. The stock has a market capitalization of $666.06 million, a PE ratio of 23.32 and a beta of 2.72. Cooper-Standard Holdings Inc. has a one year low of $10.38 and a one year high of $40.67.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 EPS for the quarter, beating analysts' consensus estimates 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.

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.