Charles Schwab Investment Management Inc. lessened its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 42.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 184,664 shares of the auto parts company's stock after selling 133,528 shares during the period. Charles Schwab Investment Management Inc. owned 1.07% of Cooper-Standard worth $2,504,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of CPS. FMR LLC boosted its holdings in Cooper-Standard by 25.4% in the 3rd quarter. FMR LLC now owns 144,232 shares of the auto parts company's stock valued at $2,000,000 after purchasing an additional 29,198 shares during the last quarter. Stifel Financial Corp raised its position in shares of Cooper-Standard by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 52,909 shares of the auto parts company's stock valued at $734,000 after buying an additional 3,206 shares during the period. State Street Corp lifted its holdings in Cooper-Standard by 1.4% in the third quarter. State Street Corp now owns 349,445 shares of the auto parts company's stock valued at $4,847,000 after acquiring an additional 4,809 shares during the last quarter. Jane Street Group LLC grew its position in Cooper-Standard by 130.9% in 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 period. Finally, Orion Portfolio Solutions LLC increased its stake in Cooper-Standard by 14.2% during the third quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company's stock worth $190,000 after acquiring an additional 1,701 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Cooper-Standard from a "hold" rating to a "buy" rating in a research note on Saturday, February 22nd.
Get Our Latest Stock Analysis on Cooper-Standard
Cooper-Standard Stock Down 1.4 %
CPS stock traded down $0.21 during mid-day trading on Wednesday, hitting $14.97. 247,813 shares of the company were exchanged, compared to its average volume of 156,647. The business has a fifty day simple moving average of $15.06 and a 200-day simple moving average of $14.53. The firm has a market capitalization of $259.39 million, a P/E ratio of -3.30 and a beta of 2.71. Cooper-Standard Holdings Inc. has a 12-month low of $11.24 and a 12-month high of $19.21.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.22).
Insider Activity at Cooper-Standard
In other Cooper-Standard news, Director David John Mastrocola acquired 3,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the acquisition, the director now owns 11,115 shares of the company's stock, valued at approximately $169,726.05. This trade represents a 36.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.20% of the company's stock.
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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