Pacific Ridge Capital Partners LLC Trims Stock Holdings in Cooper-Standard Holdings Inc. $CPS

Pacific Ridge Capital Partners LLC cut its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 36.3% during the third quarter, HoldingsChannel.com reports. The fund owned 156,343 shares of the auto parts company’s stock after selling 89,127 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Cooper-Standard were worth $5,774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPS. Empowered Funds LLC acquired a new stake in shares of Cooper-Standard during the second quarter worth about $3,798,000. Millennium Management LLC lifted its holdings in shares of Cooper-Standard by 89.9% during the first quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock worth $4,765,000 after purchasing an additional 147,209 shares during the period. AQR Capital Management LLC grew its position in Cooper-Standard by 1,345.8% in the 1st quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company’s stock valued at $2,321,000 after buying an additional 141,049 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Cooper-Standard in the 2nd quarter valued at $1,686,000. Finally, Jump Financial LLC boosted its holdings in shares of Cooper-Standard by 560.3% in the second quarter. Jump Financial LLC now owns 79,817 shares of the auto parts company’s stock valued at $1,716,000 after acquiring an additional 67,729 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Stock Performance

CPS opened at $38.77 on Thursday. The company has a market cap of $683.89 million, a price-to-earnings ratio of -161.54 and a beta of 1.94. Cooper-Standard Holdings Inc. has a one year low of $10.38 and a one year high of $47.98. The business’s fifty day moving average is $34.49 and its two-hundred day moving average is $33.92.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Friday, February 13th. The auto parts company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The firm had revenue of $672.37 million during the quarter, compared to analyst estimates of $641.51 million.

Analyst Ratings Changes

A number of equities research analysts recently commented on CPS shares. Stifel Nicolaus raised their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen cut Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup upped their price objective on Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Weiss Ratings lowered shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.33.

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.