Raymond James Financial Inc. Makes New $2.52 Million Investment in Cooper-Standard Holdings Inc. (NYSE:CPS)

Raymond James Financial Inc. purchased a new stake in Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 186,000 shares of the auto parts company's stock, valued at approximately $2,522,000. Raymond James Financial Inc. owned approximately 1.07% of Cooper-Standard at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in Cooper-Standard by 130.9% during the third quarter. Jane Street Group LLC now owns 55,456 shares of the auto parts company's stock valued at $769,000 after buying an additional 31,437 shares in the last quarter. Barclays PLC lifted its stake in Cooper-Standard by 110.6% during the third quarter. Barclays PLC now owns 31,013 shares of the auto parts company's stock worth $430,000 after purchasing an additional 16,284 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cooper-Standard by 1.2% in the third quarter. Geode Capital Management LLC now owns 392,882 shares of the auto parts company's stock worth $5,450,000 after purchasing an additional 4,821 shares during the period. JPMorgan Chase & Co. boosted its holdings in Cooper-Standard by 75.5% in the third quarter. JPMorgan Chase & Co. now owns 77,008 shares of the auto parts company's stock worth $1,068,000 after purchasing an additional 33,135 shares during the period. Finally, Fiduciary Alliance LLC raised its holdings in shares of Cooper-Standard by 9.3% during the fourth quarter. Fiduciary Alliance LLC now owns 343,892 shares of the auto parts company's stock worth $4,663,000 after purchasing an additional 29,202 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CPS shares. StockNews.com upgraded Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd. Citigroup began coverage on Cooper-Standard in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price objective for the company.

Cooper-Standard Stock Up 2.4 %

Shares of Cooper-Standard stock traded up $0.53 during trading on Monday, hitting $22.41. The stock had a trading volume of 143,209 shares, compared to its average volume of 300,080. The stock has a 50 day simple moving average of $14.20 and a 200 day simple moving average of $14.51. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $22.30. The company has a market capitalization of $393.25 million, a PE ratio of -4.94 and a beta of 2.63.

Cooper-Standard (NYSE:CPS - Get Free Report) last posted 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 business had revenue of $667.07 million for the quarter, compared to analyst estimates of $670.00 million.

Insider Transactions at Cooper-Standard

In other news, Director David John Mastrocola bought 3,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the purchase, the director now directly owns 11,115 shares of the company's stock, valued at $169,726.05. This trade represents a 36.97 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.80% of the stock is currently owned by company insiders.

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.