Cooper-Standard (NYSE:CPS) Earns Neutral Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Cooper-Standard (NYSE:CPS) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $12.00 target price on the auto parts company’s stock.

Separately, StockNews.com upgraded shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd.

Cooper-Standard Trading Up 5.7 %

NYSE:CPS opened at $14.16 on Wednesday. The firm’s 50 day moving average is $14.08 and its 200 day moving average is $14.38. Cooper-Standard has a 12 month low of $10.38 and a 12 month high of $17.76. The stock has a market capitalization of $245.35 million, a PE ratio of -3.12 and a beta of 2.55.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.22).

Insider Buying and Selling at Cooper-Standard

In other news, Director David John Mastrocola purchased 3,000 shares of Cooper-Standard stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the transaction, the director now directly owns 11,115 shares of the company’s stock, valued at approximately $169,726.05. This trade represents a 36.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Cooper-Standard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPS. Harbor Capital Advisors Inc. bought a new stake in shares of Cooper-Standard during the 1st quarter valued at about $74,000. Fiduciary Alliance LLC raised its stake in Cooper-Standard by 22.3% in the first quarter. Fiduciary Alliance LLC now owns 420,636 shares of the auto parts company’s stock valued at $6,444,000 after purchasing an additional 76,744 shares in the last quarter. GAMMA Investing LLC lifted its position in Cooper-Standard by 2,218.4% during the first quarter. GAMMA Investing LLC now owns 8,717 shares of the auto parts company’s stock valued at $134,000 after purchasing an additional 8,341 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Cooper-Standard by 186.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 12,428 shares of the auto parts company’s stock worth $169,000 after acquiring an additional 8,083 shares during the last quarter. Finally, PharVision Advisers LLC bought a new stake in shares of Cooper-Standard during the 4th quarter worth $296,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

About Cooper-Standard

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.