Cooper-Standard Holdings Inc. $CPS Shares Purchased by Goldman Sachs Group Inc.

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

Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its stake in shares of Cooper-Standard by 89.9% in the first quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock worth $4,765,000 after purchasing an additional 147,209 shares during the last quarter. AQR Capital Management LLC raised its position 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. Fiduciary Alliance LLC lifted its stake in Cooper-Standard by 22.3% during the 1st quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company's stock valued at $6,444,000 after acquiring an additional 76,744 shares during the period. Walleye Capital LLC purchased a new stake in shares of Cooper-Standard in the 1st quarter valued at $1,093,000. Finally, Trexquant Investment LP increased its stake in shares of Cooper-Standard by 86.5% in the first quarter. Trexquant Investment LP now owns 136,453 shares of the auto parts company's stock worth $2,090,000 after acquiring an additional 63,294 shares during the period. Hedge funds and other institutional investors own 69.11% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CPS. Zacks Research upgraded shares of Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. Stifel Nicolaus assumed coverage on Cooper-Standard in a research note on Thursday, August 21st. They set a "buy" rating and a $39.00 price objective for the company. Finally, Wall Street Zen raised Cooper-Standard from a "buy" rating to a "strong-buy" rating in a 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $25.50.

Cooper-Standard Stock Performance

Shares of NYSE:CPS traded up $0.96 during trading on Monday, reaching $38.93. The stock had a trading volume of 178,014 shares, compared to its average volume of 185,511. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $40.67. The stock has a market cap of $686.27 million, a PE ratio of 24.03 and a beta of 2.72. The business has a fifty day moving average price of $30.97 and a 200-day moving average price of $23.11.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The auto parts company reported $0.06 earnings per share 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 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.