Pacific Ridge Capital Partners LLC Sells 14,512 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Key Points

• Pacific Ridge Capital Partners LLC has reduced its stake in Cooper-Standard Holdings Inc. by 4.3%, selling 14,512 shares to hold 325,256 shares valued at approximately $4.98 million.
• Multiple hedge funds have also modified their positions in Cooper-Standard, with 69.11% of the stock owned by institutional investors.
• Cooper-Standard recently reported $0.06 EPS for the quarter, exceeding expectations, and its stock is currently trading near $26.16, with a market capitalization of $459.11 million.

Pacific Ridge Capital Partners LLC lowered its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 325,256 shares of the auto parts company's stock after selling 14,512 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 1.85% of Cooper-Standard worth $4,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CPS. Bridgeway Capital Management LLC increased its stake in shares of Cooper-Standard by 2.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 33,300 shares of the auto parts company's stock valued at $452,000 after buying an additional 800 shares during the period. Invesco Ltd. lifted its holdings in shares of Cooper-Standard by 1.3% during 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 in the last quarter. Northern Trust Corp lifted its holdings in shares of Cooper-Standard by 1.3% during 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 in the last quarter. US Bancorp DE lifted its holdings in shares of Cooper-Standard by 86.9% during the first quarter. US Bancorp DE now owns 4,400 shares of the auto parts company's stock valued at $67,000 after purchasing an additional 2,046 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Cooper-Standard by 11,273.9% in the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock worth $40,000 after buying an additional 2,593 shares during the period. Hedge funds and other institutional investors own 69.11% of the company's stock.

Analyst Ratings Changes

CPS has been the topic of several recent research reports. Wall Street Zen raised Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Citigroup initiated coverage on Cooper-Standard in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price objective on the stock.

Cooper-Standard Stock Up 1.4%

NYSE CPS traded up $0.34 during trading on Wednesday, hitting $24.75. 58,944 shares of the stock traded hands, compared to its average volume of 296,188. The company has a market capitalization of $436.25 million, a P/E ratio of 15.27 and a beta of 2.92. The firm has a 50-day simple moving average of $22.85 and a 200-day simple moving average of $18.53. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $30.82.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly 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 firm had revenue of $705.97 million for the quarter, compared to analysts' expectations of $687.00 million.

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.