Northern Trust Corp Has $1.96 Million Holdings in Cooper-Standard Holdings Inc. (NYSE:CPS)

Northern Trust Corp lifted its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,651 shares of the auto parts company’s stock after buying an additional 1,925 shares during the period. Northern Trust Corp owned about 0.83% of Cooper-Standard worth $1,961,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CPS. Quantbot Technologies LP bought a new stake in shares of Cooper-Standard in the fourth quarter worth $48,000. National Bank of Canada FI bought a new stake in shares of Cooper-Standard in the fourth quarter worth $54,000. Quarry LP bought a new stake in shares of Cooper-Standard in the fourth quarter worth $79,000. SG Americas Securities LLC bought a new stake in shares of Cooper-Standard in the fourth quarter worth $107,000. Finally, Aquatic Capital Management LLC grew its stake in shares of Cooper-Standard by 336.4% in the fourth quarter. Aquatic Capital Management LLC now owns 8,728 shares of the auto parts company’s stock worth $118,000 after purchasing an additional 6,728 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CPS. Wall Street Zen upgraded Cooper-Standard from a “hold” rating to a “buy” rating in a report on Saturday, February 22nd. Citigroup began coverage on Cooper-Standard in a report on Wednesday, April 23rd. They set a “neutral” rating and a $12.00 price target for the company.

Cooper-Standard Trading Down 0.8%

Shares of Cooper-Standard stock opened at $21.97 on Monday. The business has a 50-day moving average price of $17.15 and a two-hundred day moving average price of $15.54. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $26.73. The company has a market cap of $385.51 million, a P/E ratio of -4.84 and a beta of 2.63.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.12. The business had revenue of $667.07 million for the quarter, compared to analyst estimates of $670.00 million.

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.