Sei Investments Co. Raises Position in Cooper-Standard Holdings Inc. $CPS

Sei Investments Co. boosted its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 200.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,113 shares of the auto parts company’s stock after buying an additional 23,440 shares during the period. Sei Investments Co. owned approximately 0.20% of Cooper-Standard worth $979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Cooper-Standard by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock worth $11,376,000 after acquiring an additional 23,620 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Cooper-Standard in the 1st quarter valued at about $2,164,000. Inspire Investing LLC boosted its position in shares of Cooper-Standard by 29.1% during the 1st quarter. Inspire Investing LLC now owns 18,428 shares of the auto parts company’s stock valued at $514,000 after acquiring an additional 4,157 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of Cooper-Standard by 0.5% during the 1st quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company’s stock valued at $15,376,000 after acquiring an additional 2,598 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Cooper-Standard by 231.4% during the first quarter. SG Americas Securities LLC now owns 15,538 shares of the auto parts company’s stock worth $433,000 after purchasing an additional 10,850 shares in the last quarter. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CPS. Zacks Research downgraded shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Stifel Nicolaus decreased their price target on shares of Cooper-Standard from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Cooper-Standard from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Cooper-Standard currently has a consensus rating of “Reduce” and a consensus price target of $48.33.

Cooper-Standard Price Performance

CPS opened at $27.73 on Thursday. The stock’s 50 day simple moving average is $28.59 and its 200 day simple moving average is $30.71. The firm has a market cap of $492.76 million, a price-to-earnings ratio of -8.83 and a beta of 2.00. Cooper-Standard Holdings Inc. has a 1 year low of $25.27 and a 1 year high of $47.98.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Wednesday, August 5th. The auto parts company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.67). The business had revenue of $721.35 million during the quarter, compared to analysts’ expectations of $708.90 million. As a group, sell-side analysts anticipate that Cooper-Standard Holdings Inc. will post 2.71 EPS for the current year.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.