Jacobs Levy Equity Management Inc. Grows Stock Holdings in Cooper-Standard Holdings Inc. $CPS

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in Cooper-Standard Holdings Inc. by 24.5%, acquiring an additional 43,979 shares, bringing its total ownership to approximately 1.27% valued at $3,425,000.
• Cooper-Standard reported $0.06 earnings per share, exceeding the consensus estimate of loss, with revenues of $705.97 million compared to the expected $687 million.
• Recent analyst ratings have improved, with Wall Street Zen upgrading the stock to a "strong-buy" and setting an average price target of $25.50 despite a new buy rating from Stifel Nicolaus pegging it at $39.00.

Jacobs Levy Equity Management Inc. boosted its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 24.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,558 shares of the auto parts company's stock after purchasing an additional 43,979 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.27% of Cooper-Standard worth $3,425,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CPS. AQR Capital Management LLC boosted its position in Cooper-Standard by 1,345.8% during the first quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company's stock worth $2,321,000 after purchasing an additional 141,049 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Cooper-Standard by 449.7% during the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company's stock valued at $2,221,000 after acquiring an additional 134,008 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Cooper-Standard by 22.3% during the first 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 last quarter. Walleye Capital LLC acquired a new position in shares of Cooper-Standard during the first quarter valued at approximately $1,093,000. Finally, Trexquant Investment LP raised its holdings in shares of Cooper-Standard by 86.5% during the first quarter. Trexquant Investment LP now owns 136,453 shares of the auto parts company's stock valued at $2,090,000 after acquiring an additional 63,294 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company's stock.

Analysts Set New Price Targets

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

Cooper-Standard Price Performance

Shares of NYSE:CPS traded down $1.13 during midday trading on Friday, hitting $37.94. The company had a trading volume of 114,987 shares, compared to its average volume of 221,896. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $39.79. The stock has a market cap of $669.00 million, a price-to-earnings ratio of 23.42 and a beta of 2.72. The business's 50-day simple moving average is $29.20 and its 200-day simple moving average is $21.99.

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 (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.12. The business 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.

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.