Invesco Ltd. Sells 17,417 Shares of Cooper-Standard Holdings Inc. $CPS

Key Points

• Invesco Ltd. reduced its stake in Cooper-Standard Holdings Inc. by 14.8%, bringing its holdings to 99,986 shares valued at approximately $1.53 million.
• Cooper-Standard's recent earnings report showed an EPS of $0.06, exceeding analysts' expectations, while the company had a revenue of $705.97 million for the quarter.
• Analysts have differing views on Cooper-Standard, with ratings ranging from "buy" to "hold", and an average consensus target price of $25.50.

Invesco Ltd. lowered its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 14.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,986 shares of the auto parts company's stock after selling 17,417 shares during the period. Invesco Ltd. owned approximately 0.57% of Cooper-Standard worth $1,532,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of Cooper-Standard by 449.7% in the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock valued at $2,221,000 after purchasing an additional 134,008 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Cooper-Standard in the fourth quarter valued at $456,000. Ameriprise Financial Inc. purchased a new stake in shares of Cooper-Standard in the fourth quarter valued at $239,000. Squarepoint Ops LLC purchased a new stake in shares of Cooper-Standard in the fourth quarter valued at $263,000. Finally, Fiduciary Alliance LLC lifted its holdings in shares of Cooper-Standard by 22.3% in the first quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company's stock valued at $6,444,000 after purchasing an additional 76,744 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

Cooper-Standard Trading Up 2.0%

NYSE CPS traded up $0.78 during trading on Thursday, hitting $38.85. 98,065 shares of the company traded hands, compared to its average volume of 287,448. Cooper-Standard Holdings Inc. has a 12 month low of $10.38 and a 12 month high of $39.50. The business has a fifty day simple moving average of $26.96 and a 200 day simple moving average of $20.85. The company has a market capitalization of $684.93 million, a P/E ratio of 23.96 and a beta of 2.72.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted its earnings results on Thursday, July 31st. The auto parts company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.12. The company had revenue of $705.97 million for the quarter, compared to the consensus estimate of $687.00 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

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

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.