BlackRock Inc. cut its position in Cooper-Standard Holdings Inc (NYSE:CPS) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,102,030 shares of the auto parts company’s stock after selling 1,523 shares during the quarter. BlackRock Inc. owned approximately 11.99% of Cooper-Standard worth $257,498,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Schroder Investment Management Group raised its holdings in Cooper-Standard by 1,359.2% in the fourth quarter. Schroder Investment Management Group now owns 103,600 shares of the auto parts company’s stock worth $12,691,000 after purchasing an additional 96,500 shares in the last quarter. Rhumbline Advisers raised its holdings in Cooper-Standard by 13.1% in the fourth quarter. Rhumbline Advisers now owns 38,210 shares of the auto parts company’s stock worth $4,681,000 after purchasing an additional 4,433 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Cooper-Standard by 219.5% during the fourth quarter. Arizona State Retirement System now owns 26,518 shares of the auto parts company’s stock valued at $3,248,000 after acquiring an additional 18,218 shares in the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Cooper-Standard by 47.7% during the fourth quarter. Pinebridge Investments L.P. now owns 23,087 shares of the auto parts company’s stock valued at $2,828,000 after acquiring an additional 7,455 shares in the last quarter. Finally, Advisory Research Inc. acquired a new position in shares of Cooper-Standard during the fourth quarter valued at about $1,928,000. Institutional investors and hedge funds own 98.67% of the company’s stock.
Several equities analysts have recently issued reports on CPS shares. Roth Capital upped their price objective on shares of Cooper-Standard from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. ValuEngine upgraded shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Bank of America upped their price objective on shares of Cooper-Standard from $85.00 to $90.00 and gave the company an “underperform” rating in a report on Friday, March 2nd. KeyCorp restated a “hold” rating on shares of Cooper-Standard in a report on Friday, November 17th. Finally, Zacks Investment Research downgraded shares of Cooper-Standard from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $121.33.
Cooper-Standard Holdings Inc (NYSE:CPS) opened at $122.79 on Tuesday. Cooper-Standard Holdings Inc has a fifty-two week low of $95.33 and a fifty-two week high of $135.00. The company has a current ratio of 1.73, a quick ratio of 1.52 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2,150.00, a PE ratio of 13.64, a PEG ratio of 2.20 and a beta of 0.79.
Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 15th. The auto parts company reported $3.42 EPS for the quarter, beating the Zacks’ consensus estimate of $3.18 by $0.24. The firm had revenue of $937.90 million for the quarter, compared to analyst estimates of $912.01 million. Cooper-Standard had a return on equity of 25.31% and a net margin of 3.74%. Cooper-Standard’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 earnings per share. sell-side analysts forecast that Cooper-Standard Holdings Inc will post 11.32 EPS for the current year.
Cooper-Standard Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
Want to see what other hedge funds are holding CPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cooper-Standard Holdings Inc (NYSE:CPS).
Receive News & Ratings for Cooper-Standard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard and related companies with MarketBeat.com's FREE daily email newsletter.