Voya Investment Management LLC Has $406,000 Stock Holdings in Cooper-Standard Holdings Inc. $CPS

Key Points

• Voya Investment Management LLC increased its stake in Cooper-Standard Holdings Inc. by 41.4%, bringing its total holdings to $406,000 as of the latest SEC filing.
• Multiple institutional investors, including Goldman Sachs and Millennium Management, made significant increases in their positions in Cooper-Standard, reflecting strong interest in the stock.
• Analyst ratings for Cooper-Standard include a buy from Stifel Nicolaus and a hold from Zacks, while the consensus price target is set at $25.50.

Voya Investment Management LLC increased its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 41.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,477 shares of the auto parts company's stock after acquiring an additional 7,753 shares during the period. Voya Investment Management LLC owned about 0.15% of Cooper-Standard worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in shares of Cooper-Standard by 21.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company's stock worth $3,286,000 after acquiring an additional 38,489 shares in the last quarter. Millennium Management LLC boosted its position in shares of Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company's stock worth $4,765,000 after acquiring an additional 147,209 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Cooper-Standard by 24.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 223,558 shares of the auto parts company's stock worth $3,425,000 after acquiring an additional 43,979 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Cooper-Standard by 1,345.8% during the 1st quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company's stock worth $2,321,000 after acquiring an additional 141,049 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Cooper-Standard by 343.0% during the 1st quarter. Royal Bank of Canada now owns 25,628 shares of the auto parts company's stock worth $393,000 after acquiring an additional 19,843 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.

Analyst Upgrades and Downgrades

CPS has been the topic of several analyst reports. Stifel Nicolaus initiated coverage on shares of Cooper-Standard in a research report on Thursday, August 21st. They set a "buy" rating and a $39.00 price target on the stock. Zacks Research upgraded shares of Cooper-Standard to a "hold" rating in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Cooper-Standard from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Cooper-Standard has a consensus rating of "Hold" and a consensus price target of $25.50.

Cooper-Standard Price Performance

Shares of Cooper-Standard stock opened at $36.79 on Friday. The firm has a market capitalization of $648.74 million, a P/E ratio of 22.71 and a beta of 2.72. The company's 50 day moving average price is $32.08 and its two-hundred day moving average price is $23.70. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $40.67.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The auto parts company reported $0.06 EPS for the quarter, topping analysts' consensus estimates 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.

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.

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