Lazard Asset Management LLC raised its position in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 53.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,563 shares of the auto parts company's stock after buying an additional 15,228 shares during the period. Lazard Asset Management LLC owned about 0.25% of Cooper-Standard worth $590,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Cooper-Standard in the 4th quarter worth about $48,000. National Bank of Canada FI purchased a new stake in Cooper-Standard during the 4th quarter valued at about $54,000. Quarry LP purchased a new stake in Cooper-Standard during the 4th quarter valued at about $79,000. SG Americas Securities LLC purchased a new stake in Cooper-Standard during the 4th quarter valued at about $107,000. Finally, Aquatic Capital Management LLC grew its stake in Cooper-Standard by 336.4% during the 4th quarter. Aquatic Capital Management LLC now owns 8,728 shares of the auto parts company's stock valued at $118,000 after acquiring an additional 6,728 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.
Cooper-Standard Stock Down 0.8%
NYSE:CPS traded down $0.17 on Friday, hitting $21.97. The stock had a trading volume of 250,316 shares, compared to its average volume of 211,437. The stock has a market cap of $385.51 million, a price-to-earnings ratio of -4.84 and a beta of 2.63. The company has a fifty day moving average price of $17.15 and a two-hundred day moving average price of $15.55. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $26.73.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of ($0.93) by $1.12. The company had revenue of $667.07 million for the quarter, compared to analysts' expectations of $670.00 million.
Analysts Set New Price Targets
CPS has been the subject of several research reports. Wall Street Zen raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd. Citigroup initiated coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price objective for the company.
Check Out Our Latest Report on Cooper-Standard
About Cooper-Standard
(
Free Report)
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.
Further Reading
Before you consider Cooper-Standard, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cooper-Standard wasn't on the list.
While Cooper-Standard currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
