JPMorgan Chase & Co. increased its stake in Cooper-Standard Holdings Inc. (NYSE:CPS – Free Report) by 75.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,008 shares of the auto parts company’s stock after purchasing an additional 33,135 shares during the quarter. JPMorgan Chase & Co. owned about 0.44% of Cooper-Standard worth $1,068,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Barclays PLC increased its stake in Cooper-Standard by 110.6% in the third quarter. Barclays PLC now owns 31,013 shares of the auto parts company’s stock valued at $430,000 after acquiring an additional 16,284 shares during the last quarter. Geode Capital Management LLC lifted its stake in Cooper-Standard by 1.2% in the third quarter. Geode Capital Management LLC now owns 392,882 shares of the auto parts company’s stock worth $5,450,000 after acquiring an additional 4,821 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of Cooper-Standard by 14.2% during the third quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company’s stock valued at $190,000 after buying an additional 1,701 shares during the period. Jane Street Group LLC raised its stake in Cooper-Standard by 130.9% in the third quarter. Jane Street Group LLC now owns 55,456 shares of the auto parts company’s stock worth $769,000 after buying an additional 31,437 shares in the last quarter. Finally, State Street Corp lifted its holdings in Cooper-Standard by 1.4% in the third quarter. State Street Corp now owns 349,445 shares of the auto parts company’s stock worth $4,847,000 after buying an additional 4,809 shares during the period. 69.11% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th.
Cooper-Standard Price Performance
Shares of CPS stock opened at $16.80 on Friday. Cooper-Standard Holdings Inc. has a 1 year low of $11.24 and a 1 year high of $19.52. The firm has a fifty day moving average price of $14.51 and a 200-day moving average price of $14.25. The company has a market cap of $291.09 million, a price-to-earnings ratio of -1.69 and a beta of 2.79.
Cooper-Standard (NYSE:CPS – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share for the quarter, beating the consensus estimate of ($1.18) by $0.50. The firm had revenue of $685.35 million for 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.
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