Cerity Partners LLC Takes Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

Cerity Partners LLC bought a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,119 shares of the auto parts company’s stock, valued at approximately $155,000. Cerity Partners LLC owned about 0.06% of Cooper-Standard as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Cooper-Standard by 11,273.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company’s stock valued at $40,000 after buying an additional 2,593 shares during the period. Quantbot Technologies LP purchased a new stake in Cooper-Standard during the 4th quarter valued at $48,000. National Bank of Canada FI purchased a new stake in Cooper-Standard during the 4th quarter valued at $54,000. Harbor Capital Advisors Inc. purchased a new stake in Cooper-Standard during the 1st quarter valued at $74,000. Finally, Quarry LP purchased a new stake in Cooper-Standard during the 4th quarter valued at $79,000. 69.11% of the stock is currently owned by institutional investors.

Cooper-Standard Stock Down 2.8%

CPS stock opened at $24.75 on Wednesday. The business’s fifty day simple moving average is $22.60 and its two-hundred day simple moving average is $18.18. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $26.73. The firm has a market cap of $434.36 million, a price-to-earnings ratio of -9.37 and a beta of 2.79.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen upgraded Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Citigroup assumed coverage on Cooper-Standard in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $12.00 target price on the stock.

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.