Invesco Ltd. Raises Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Invesco Ltd. lifted its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,403 shares of the auto parts company’s stock after purchasing an additional 1,466 shares during the quarter. Invesco Ltd. owned about 0.68% of Cooper-Standard worth $1,592,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. ExodusPoint Capital Management LP purchased a new stake in shares of Cooper-Standard during the fourth quarter valued at $304,000. Trexquant Investment LP boosted its holdings in shares of Cooper-Standard by 281.9% in the 4th quarter. Trexquant Investment LP now owns 73,159 shares of the auto parts company’s stock valued at $992,000 after acquiring an additional 54,002 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Cooper-Standard during the fourth quarter worth $54,000. Pacific Ridge Capital Partners LLC lifted its position in Cooper-Standard by 11.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 339,768 shares of the auto parts company’s stock valued at $4,607,000 after purchasing an additional 33,631 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Cooper-Standard by 109.6% in the fourth quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company’s stock valued at $2,189,000 after purchasing an additional 84,412 shares during the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Stock Performance

Shares of Cooper-Standard stock opened at $14.94 on Wednesday. The firm has a 50-day simple moving average of $14.07 and a two-hundred day simple moving average of $14.41. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $17.76. The company has a market cap of $262.18 million, a P/E ratio of -3.29 and a beta of 2.55.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CPS shares. StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Citigroup initiated coverage on Cooper-Standard in a report on Wednesday, April 23rd. They issued a “neutral” rating and a $12.00 price target for the company.

Insider Buying and Selling

In other news, Director David John Mastrocola acquired 3,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the purchase, the director now owns 11,115 shares in the company, valued at approximately $169,726.05. This represents a 36.97 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.80% of the stock is owned by insiders.

Cooper-Standard Company 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.