Cooper-Standard Holdings Inc. $CPS is EVR Research LP’s 3rd Largest Position

EVR Research LP increased its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 114.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 375,000 shares of the auto parts company’s stock after buying an additional 200,000 shares during the period. Cooper-Standard comprises about 6.6% of EVR Research LP’s holdings, making the stock its 3rd biggest position. EVR Research LP owned about 2.13% of Cooper-Standard worth $12,311,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in Cooper-Standard by 60.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after buying an additional 682 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Cooper-Standard by 136.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock worth $53,000 after buying an additional 1,432 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Cooper-Standard by 101.4% during the third quarter. BNP Paribas Financial Markets now owns 3,293 shares of the auto parts company’s stock worth $122,000 after buying an additional 1,658 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Cooper-Standard in the fourth quarter worth about $154,000. Finally, CWM LLC increased its stake in shares of Cooper-Standard by 22.0% in the fourth quarter. CWM LLC now owns 5,246 shares of the auto parts company’s stock worth $172,000 after purchasing an additional 945 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CPS shares. Citigroup lifted their target price on shares of Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cooper-Standard in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Stifel Nicolaus reduced their target price on shares of Cooper-Standard to $55.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.33.

Cooper-Standard Price Performance

Shares of Cooper-Standard stock opened at $28.61 on Thursday. Cooper-Standard Holdings Inc. has a 1 year low of $19.32 and a 1 year high of $47.98. The firm has a market cap of $507.77 million, a PE ratio of -13.12 and a beta of 1.97. The company has a 50 day simple moving average of $29.71 and a two-hundred day simple moving average of $31.86.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The business had revenue of $686.36 million for the quarter, compared to analyst estimates of $660.00 million. As a group, research analysts anticipate that Cooper-Standard Holdings Inc. will post 3.12 earnings per share for the current year.

Cooper-Standard Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.