Stifel Financial Corp boosted its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 26.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,989 shares of the auto parts company's stock after acquiring an additional 14,080 shares during the quarter. Stifel Financial Corp owned about 0.39% of Cooper-Standard worth $908,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of CPS. Barclays PLC increased its holdings in shares of Cooper-Standard by 110.6% in the 3rd quarter. Barclays PLC now owns 31,013 shares of the auto parts company's stock valued at $430,000 after purchasing an additional 16,284 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Cooper-Standard by 75.5% during the 3rd 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. Fiduciary Alliance LLC lifted its position in Cooper-Standard by 9.3% during the 4th quarter. Fiduciary Alliance LLC now owns 343,892 shares of the auto parts company's stock valued at $4,663,000 after purchasing an additional 29,202 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Cooper-Standard by 9.1% during the 4th quarter. Arkadios Wealth Advisors now owns 48,568 shares of the auto parts company's stock worth $659,000 after acquiring an additional 4,043 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Cooper-Standard during the 4th quarter worth $107,000. 69.11% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on CPS shares. StockNews.com raised Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd. Citigroup started coverage on Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 target price for the company.
Check Out Our Latest Stock Report on Cooper-Standard
Insider Activity at Cooper-Standard
In related news, Director David John Mastrocola bought 3,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of $15.27 per share, with a total value of $45,810.00. Following the completion of the transaction, the director now owns 11,115 shares of the company's stock, valued at $169,726.05. The trade was a 36.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.80% of the company's stock.
Cooper-Standard Price Performance
NYSE CPS traded up $0.36 during trading on Tuesday, reaching $24.69. 306,954 shares of the company's stock were exchanged, compared to its average volume of 206,090. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $26.73. The stock has a market capitalization of $433.26 million, a P/E ratio of -5.44 and a beta of 2.63. The business has a 50 day moving average price of $15.41 and a 200-day moving average price of $14.98.
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 firm had revenue of $667.07 million for the quarter, compared to the consensus estimate 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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