Marshall Wace LLP Purchases Shares of 33,628 Cooper-Standard Holdings Inc. (NYSE:CPS)

Marshall Wace LLP acquired a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,628 shares of the auto parts company’s stock, valued at approximately $456,000. Marshall Wace LLP owned about 0.19% of Cooper-Standard at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in Cooper-Standard by 110.6% during the 3rd quarter. Barclays PLC now owns 31,013 shares of the auto parts company’s stock worth $430,000 after acquiring an additional 16,284 shares during the period. Geode Capital Management LLC increased its holdings 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 purchasing an additional 4,821 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Cooper-Standard by 75.5% in the third quarter. JPMorgan Chase & Co. now owns 77,008 shares of the auto parts company’s stock valued at $1,068,000 after buying an additional 33,135 shares during the period. Fiduciary Alliance LLC boosted its holdings in shares of Cooper-Standard by 9.3% during the 4th quarter. Fiduciary Alliance LLC now owns 343,892 shares of the auto parts company’s stock worth $4,663,000 after buying an additional 29,202 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position in shares of Cooper-Standard by 9.1% during the 4th quarter. Arkadios Wealth Advisors now owns 48,568 shares of the auto parts company’s stock worth $659,000 after buying an additional 4,043 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cooper-Standard Trading Up 43.4 %

NYSE CPS opened at $21.83 on Friday. The company has a fifty day simple moving average of $14.20 and a 200 day simple moving average of $14.50. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $22.20. The company has a market cap of $383.07 million, a P/E ratio of -4.81 and a beta of 2.63.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, May 1st. The auto parts company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.93) by $1.12. The business had revenue of $667.07 million for the quarter, compared to the consensus estimate of $670.00 million.

Insider Transactions at Cooper-Standard

In other news, Director David John Mastrocola purchased 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the acquisition, the director now owns 11,115 shares in the company, valued at $169,726.05. This trade represents a 36.97 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.80% of the company’s stock.

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.