Hodges Capital Management Inc. Purchases Shares of 77,650 Cooper-Standard Holdings Inc. $CPS

Hodges Capital Management Inc. purchased a new stake in Cooper-Standard Holdings Inc. (NYSE:CPS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 77,650 shares of the auto parts company’s stock, valued at approximately $2,164,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Inspire Investing LLC raised its position in Cooper-Standard by 29.1% in the 1st quarter. Inspire Investing LLC now owns 18,428 shares of the auto parts company’s stock valued at $514,000 after buying an additional 4,157 shares during the last quarter. Fiduciary Alliance LLC boosted its position in Cooper-Standard by 0.5% during the 1st quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company’s stock worth $15,376,000 after acquiring an additional 2,598 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Cooper-Standard by 231.4% during the 1st quarter. SG Americas Securities LLC now owns 15,538 shares of the auto parts company’s stock worth $433,000 after acquiring an additional 10,850 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Cooper-Standard by 8.8% during the 4th quarter. Empowered Funds LLC now owns 164,165 shares of the auto parts company’s stock worth $5,390,000 after acquiring an additional 13,233 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Cooper-Standard by 128.3% in the fourth quarter. Millennium Management LLC now owns 50,941 shares of the auto parts company’s stock valued at $1,672,000 after purchasing an additional 28,626 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on CPS shares. Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Stifel Nicolaus lowered their price target on shares of Cooper-Standard to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cooper-Standard in a research note on Friday, May 22nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $49.33.

Cooper-Standard Stock Performance

Shares of NYSE:CPS opened at $28.03 on Tuesday. Cooper-Standard Holdings Inc. has a 52-week low of $22.32 and a 52-week high of $47.98. The company has a market capitalization of $497.53 million, a P/E ratio of -12.86 and a beta of 1.99. The company has a 50-day simple moving average of $29.03 and a 200 day simple moving average of $31.54.

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

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.