Goldman Sachs Group Inc. Boosts Stock Position in Cooper-Standard Holdings Inc. $CPS

Key Points

• Goldman Sachs Group Inc. increased its stake in Cooper-Standard Holdings Inc. by 21.9% during the first quarter, holding approximately 1.22% of the company, valued at $3.29 million.
• Several analysts have issued optimistic ratings for CPS, with Zacks Research upgrading it to a "hold" and Stifel Nicolaus setting a price target of $39.00.
• Cooper-Standard reported earnings of $0.06 per share for the last quarter, exceeding analysts' expectations of a loss, along with revenue of $705.97 million, surpassing projected figures.

Goldman Sachs Group Inc. increased its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 21.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,523 shares of the auto parts company's stock after purchasing an additional 38,489 shares during the quarter. Goldman Sachs Group Inc. owned 1.22% of Cooper-Standard worth $3,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings 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 during the period. US Bancorp DE lifted its holdings in shares of Cooper-Standard by 86.9% during the first quarter. US Bancorp DE now owns 4,400 shares of the auto parts company's stock worth $67,000 after purchasing an additional 2,046 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Cooper-Standard during the first quarter valued at approximately $74,000. CWM LLC raised its position in Cooper-Standard by 391.9% during the first quarter. CWM LLC now owns 7,457 shares of the auto parts company's stock valued at $114,000 after acquiring an additional 5,941 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Cooper-Standard by 2,218.4% during the first quarter. GAMMA Investing LLC now owns 8,717 shares of the auto parts company's stock valued at $134,000 after acquiring an additional 8,341 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.

Analyst Upgrades and Downgrades

CPS has been the subject of several recent research reports. Wall Street Zen upgraded Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Zacks Research upgraded Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. Finally, Stifel Nicolaus initiated coverage on Cooper-Standard in a research report on Thursday, August 21st. They set a "buy" rating and a $39.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $25.50.

Cooper-Standard Trading Down 3.0%

NYSE CPS traded down $1.18 on Friday, reaching $37.78. 204,215 shares of the company were exchanged, compared to its average volume of 192,005. The business's fifty day moving average price is $30.68 and its 200 day moving average price is $22.87. The stock has a market capitalization of $666.06 million, a P/E ratio of 23.32 and a beta of 2.72. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week 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 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.12. The company had revenue of $705.97 million for the quarter, compared to analyst estimates of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

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.