Bank of New York Mellon Corp Sells 1,061 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Bank of New York Mellon Corp trimmed its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 1.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 84,994 shares of the auto parts company’s stock after selling 1,061 shares during the period. Bank of New York Mellon Corp owned 0.48% of Cooper-Standard worth $1,302,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CPS. Quantbot Technologies LP bought a new position in shares of Cooper-Standard in the 4th quarter valued at $48,000. JPMorgan Chase & Co. raised its position in Cooper-Standard by 109.6% during the 4th quarter. JPMorgan Chase & Co. now owns 161,420 shares of the auto parts company’s stock worth $2,189,000 after purchasing an additional 84,412 shares during the last quarter. National Bank of Canada FI bought a new position in Cooper-Standard during the 4th quarter worth $54,000. Trexquant Investment LP raised its position in Cooper-Standard by 281.9% during the 4th quarter. Trexquant Investment LP now owns 73,159 shares of the auto parts company’s stock worth $992,000 after purchasing an additional 54,002 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in Cooper-Standard during the 4th quarter worth $304,000. 69.11% of the stock is currently owned by institutional investors.

Cooper-Standard Stock Down 1.6%

Shares of NYSE:CPS opened at $24.34 on Thursday. The firm has a market cap of $427.17 million, a P/E ratio of -9.22 and a beta of 2.79. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $26.73. The business has a fifty day simple moving average of $22.64 and a 200 day simple moving average of $18.23.

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.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CPS shares. Citigroup started coverage on Cooper-Standard in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $12.00 target price for the company. Wall Street Zen raised Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 26th.

Cooper-Standard 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.