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

Several other large investors have also recently modified their holdings of the company. Millennium Management LLC lifted its position in Cooper-Standard by 89.9% during the first quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock valued at $4,765,000 after acquiring an additional 147,209 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Cooper-Standard by 24.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 223,558 shares of the auto parts company's stock worth $3,425,000 after purchasing an additional 43,979 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Cooper-Standard by 19.7% during the 1st quarter. Raymond James Financial Inc. now owns 222,716 shares of the auto parts company's stock valued at $3,412,000 after purchasing an additional 36,716 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Cooper-Standard by 21.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company's stock worth $3,286,000 after purchasing an additional 38,489 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Cooper-Standard by 1,345.8% during the 1st quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company's stock worth $2,321,000 after buying an additional 141,049 shares during the last quarter. Institutional investors own 69.11% of the company's stock.

Analyst Upgrades and Downgrades

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

Cooper-Standard Trading Up 2.8%

Shares of CPS opened at $38.93 on Tuesday. The firm has a market cap of $686.36 million, a P/E ratio of 24.03 and a beta of 2.72. Cooper-Standard Holdings Inc. has a 12 month low of $10.38 and a 12 month high of $39.79. The stock's 50 day moving average is $29.51 and its two-hundred day moving average is $22.25.

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

Cooper-Standard Company 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.

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