Osaic Holdings Inc. Purchases 25,318 Shares of Cooper-Standard Holdings Inc. $CPS

Osaic Holdings Inc. raised its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 42.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,593 shares of the auto parts company’s stock after purchasing an additional 25,318 shares during the period. Osaic Holdings Inc. owned approximately 0.49% of Cooper-Standard worth $1,840,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CPS. Geneos Wealth Management Inc. increased its stake in shares of Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 682 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cooper-Standard by 0.3% in the second quarter. Geode Capital Management LLC now owns 404,667 shares of the auto parts company’s stock valued at $8,702,000 after buying an additional 1,298 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Cooper-Standard by 136.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 1,432 shares during the last quarter. Voya Investment Management LLC raised its stake in Cooper-Standard by 41.4% during the first quarter. Voya Investment Management LLC now owns 26,477 shares of the auto parts company’s stock worth $406,000 after acquiring an additional 7,753 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in Cooper-Standard by 4.1% during the second quarter. Raymond James Financial Inc. now owns 231,920 shares of the auto parts company’s stock worth $4,986,000 after acquiring an additional 9,204 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Analyst Ratings Changes

CPS has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. Stifel Nicolaus raised their target price on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cooper-Standard in a report on Monday, December 22nd. Finally, Zacks Research cut Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.00.

Cooper-Standard Stock Performance

Shares of NYSE CPS opened at $32.88 on Tuesday. The firm has a 50 day moving average price of $32.17 and a two-hundred day moving average price of $30.59. The stock has a market cap of $579.92 million, a P/E ratio of 18.06 and a beta of 1.95. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $40.67.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Friday, October 31st. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The firm had revenue of $695.50 million for the quarter, compared to the consensus estimate of $698.83 million.

Insider Activity at Cooper-Standard

In related news, Director David John Mastrocola purchased 2,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $29.05 per share, with a total value of $58,100.00. Following the completion of the purchase, the director owned 18,115 shares in the company, valued at approximately $526,240.75. This represents a 12.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.80% of the company’s stock.

Cooper-Standard Company 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.