Raymond James Financial Inc. purchased a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 186,000 shares of the auto parts company's stock, valued at approximately $2,522,000. Raymond James Financial Inc. owned 1.07% of Cooper-Standard as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. grew its position in shares of Cooper-Standard by 109.6% during the fourth quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company's stock worth $2,189,000 after purchasing an additional 84,412 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Cooper-Standard by 19.5% in the 4th quarter. Renaissance Technologies LLC now owns 338,000 shares of the auto parts company's stock worth $4,583,000 after purchasing an additional 55,100 shares during the period. Trexquant Investment LP grew its holdings in Cooper-Standard by 281.9% during the 4th quarter. Trexquant Investment LP now owns 73,159 shares of the auto parts company's stock valued at $992,000 after buying an additional 54,002 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Cooper-Standard by 11.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company's stock valued at $4,607,000 after buying an additional 33,631 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of 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 worth $769,000 after acquiring an additional 31,437 shares during the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.
Cooper-Standard Stock Up 2.3 %
Cooper-Standard stock opened at $14.94 on Wednesday. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $17.76. The firm's fifty day moving average is $14.07 and its 200 day moving average is $14.41. The company has a market cap 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 announced its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.22).
Wall Street Analyst Weigh In
Several analysts have commented on CPS shares. StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd. Citigroup began coverage on Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 price target for the company.
View Our Latest Stock Analysis on Cooper-Standard
Insider Transactions at Cooper-Standard
In other news, Director David John Mastrocola purchased 3,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $15.27 per share, with a total value of $45,810.00. Following the purchase, the director now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.80% of the company's stock.
Cooper-Standard 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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