Sherbrooke Park Advisers LLC purchased a new position in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,128 shares of the auto parts company's stock, valued at approximately $178,000. Sherbrooke Park Advisers LLC owned about 0.08% of Cooper-Standard at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Cooper-Standard during the 4th quarter valued at about $48,000. National Bank of Canada FI bought a new position in shares of Cooper-Standard during the 4th quarter valued at approximately $54,000. Quarry LP bought a new stake in Cooper-Standard in the fourth quarter worth $79,000. SG Americas Securities LLC bought a new stake in Cooper-Standard in the fourth quarter worth $107,000. Finally, Aquatic Capital Management LLC raised its stake in Cooper-Standard by 336.4% during the fourth quarter. Aquatic Capital Management LLC now owns 8,728 shares of the auto parts company's stock valued at $118,000 after purchasing an additional 6,728 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
CPS has been the subject of a number of recent 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 started coverage on shares of Cooper-Standard in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price target for the company.
View Our Latest Stock Report on CPS
Cooper-Standard Price Performance
Shares of NYSE:CPS traded down $0.17 during trading on Monday, hitting $21.97. The company 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 simple moving average of $17.15 and a two-hundred day simple moving average of $15.54. Cooper-Standard Holdings Inc. has a one year low of $10.38 and a one year high of $26.73.
Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, beating 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.
Cooper-Standard Company Profile
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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.
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