Cerity Partners LLC Makes New $155,000 Investment in Cooper-Standard Holdings Inc. (NYSE:CPS)

Cerity Partners LLC purchased a new position in Cooper-Standard Holdings Inc. (NYSE:CPS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,119 shares of the auto parts company’s stock, valued at approximately $155,000.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Alliance LLC raised its stake in shares of Cooper-Standard by 22.3% in the first quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company’s stock worth $6,444,000 after purchasing an additional 76,744 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Cooper-Standard by 19.5% in the fourth 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 last quarter. Raymond James Financial Inc. purchased a new position in shares of Cooper-Standard in the fourth quarter worth about $2,522,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Cooper-Standard by 34.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 179,579 shares of the auto parts company’s stock worth $2,435,000 after purchasing an additional 45,717 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Cooper-Standard by 449.7% in the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company’s stock worth $2,221,000 after purchasing an additional 134,008 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

CPS has been the subject of several research analyst reports. Citigroup assumed coverage on Cooper-Standard in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $12.00 price objective for the company. Wall Street Zen upgraded Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Cooper-Standard Trading Down 2.8%

Shares of CPS stock opened at $24.75 on Wednesday. The stock has a 50 day moving average of $22.60 and a 200 day moving average of $18.18. The stock has a market cap of $434.36 million, a P/E ratio of -9.37 and a beta of 2.79. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $26.73.

Cooper-Standard (NYSE:CPS) last announced 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 company had revenue of $667.07 million for the quarter, compared to analysts’ expectations of $670.00 million.

About Cooper-Standard

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.