Cooper-Standard Holdings Inc. (NYSE:CPS) Stake Boosted by State Street Corp

State Street Corp raised its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 349,445 shares of the auto parts company’s stock after purchasing an additional 4,809 shares during the period. State Street Corp owned about 2.02% of Cooper-Standard worth $4,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fiduciary Alliance LLC grew its position in shares of Cooper-Standard by 21.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 314,690 shares of the auto parts company’s stock valued at $4,365,000 after buying an additional 55,605 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Cooper-Standard by 12.2% during the second quarter. Renaissance Technologies LLC now owns 216,800 shares of the auto parts company’s stock valued at $2,697,000 after purchasing an additional 23,600 shares during the last quarter. FMR LLC grew its holdings in shares of Cooper-Standard by 25.4% during the third 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. AQR Capital Management LLC lifted its holdings in shares of Cooper-Standard by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 119,598 shares of the auto parts company’s stock worth $1,488,000 after purchasing an additional 18,478 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Cooper-Standard by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 99,427 shares of the auto parts company’s stock worth $1,237,000 after purchasing an additional 6,559 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.

Cooper-Standard Stock Down 3.5 %

Cooper-Standard stock opened at $13.86 on Monday. The firm has a 50-day moving average price of $14.60 and a two-hundred day moving average price of $13.92. Cooper-Standard Holdings Inc. has a 52-week low of $11.24 and a 52-week high of $20.75. The firm has a market capitalization of $240.15 million, a price-to-earnings ratio of -1.39 and a beta of 2.79.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.50. The business had revenue of $685.35 million during the quarter.

Cooper-Standard Profile

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.