JPMorgan Chase & Co. Increases Stock Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

JPMorgan Chase & Co. grew its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 109.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,420 shares of the auto parts company's stock after acquiring an additional 84,412 shares during the quarter. JPMorgan Chase & Co. owned about 0.93% of Cooper-Standard worth $2,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in Cooper-Standard in the fourth quarter worth $48,000. SG Americas Securities LLC purchased a new stake in Cooper-Standard during the 4th quarter worth about $107,000. Gladstone Institutional Advisory LLC purchased a new position in shares of Cooper-Standard during the fourth quarter worth about $219,000. Barclays PLC grew its stake in Cooper-Standard by 110.6% in the 3rd quarter. Barclays PLC now owns 31,013 shares of the auto parts company's stock worth $430,000 after buying an additional 16,284 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Cooper-Standard by 9.1% in the 4th quarter. Arkadios Wealth Advisors now owns 48,568 shares of the auto parts company's stock worth $659,000 after buying an additional 4,043 shares in the last quarter. Institutional investors own 69.11% of the company's stock.

Cooper-Standard Stock Up 2.3 %

Shares of NYSE:CPS traded up $0.33 on Tuesday, hitting $14.94. The company had a trading volume of 210,739 shares, compared to its average volume of 177,767. The firm's 50-day simple moving average is $14.07 and its two-hundred day simple moving average is $14.41. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $17.76. The firm has a market capitalization of $262.18 million, a price-to-earnings ratio of -3.29 and a beta of 2.55.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Insider Buying and Selling at Cooper-Standard

In related news, Director David John Mastrocola acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the transaction, the director now directly owns 11,115 shares in the company, valued at approximately $169,726.05. This trade represents a 36.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CPS. StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a report on Saturday, February 22nd. Citigroup began coverage on shares of Cooper-Standard in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price target for the company.

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.