Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC grew its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 53.7% in the fourth quarter, according to its most recent disclosure with the Securities & 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 0.25% of Cooper-Standard worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bridgeway Capital Management LLC grew its holdings in shares of Cooper-Standard by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 33,300 shares of the auto parts company's stock valued at $452,000 after purchasing an additional 800 shares during the period. Invesco Ltd. grew its holdings in shares of Cooper-Standard by 1.3% in the fourth quarter. Invesco Ltd. now owns 117,403 shares of the auto parts company's stock valued at $1,592,000 after purchasing an additional 1,466 shares during the period. Northern Trust Corp grew its holdings in shares of Cooper-Standard by 1.3% in the fourth quarter. Northern Trust Corp now owns 144,651 shares of the auto parts company's stock valued at $1,961,000 after purchasing an additional 1,925 shares during the period. Barclays PLC grew its holdings in shares of Cooper-Standard by 10.3% in the fourth quarter. Barclays PLC now owns 34,217 shares of the auto parts company's stock valued at $464,000 after purchasing an additional 3,204 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of Cooper-Standard by 44.3% in the fourth quarter. Deutsche Bank AG now owns 11,108 shares of the auto parts company's stock valued at $151,000 after purchasing an additional 3,409 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Cooper-Standard Stock Up 1.1%

CPS stock traded up $0.24 during mid-day trading on Tuesday, hitting $22.21. 207,242 shares of the company were exchanged, compared to its average volume of 211,420. The firm has a market capitalization of $389.74 million, a P/E ratio of -4.89 and a beta of 2.63. The business has a fifty day simple moving average of $17.40 and a 200-day simple moving average of $15.63. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $26.73.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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.

Analyst Ratings Changes

CPS has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of Cooper-Standard in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price objective for the company. Wall Street Zen raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd.

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.