Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Acquired by Invesco Ltd.

Invesco Ltd. increased its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,403 shares of the auto parts company’s stock after acquiring an additional 1,466 shares during the quarter. Invesco Ltd.’s holdings in Cooper-Standard were worth $1,592,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Cooper-Standard in the fourth quarter valued at approximately $48,000. National Bank of Canada FI purchased a new stake in Cooper-Standard in the 4th quarter valued at $54,000. SG Americas Securities LLC acquired a new stake in shares of Cooper-Standard in the 4th quarter worth $107,000. Gladstone Institutional Advisory LLC purchased a new position in shares of Cooper-Standard during the 4th quarter worth $219,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Cooper-Standard during the 4th quarter valued at about $304,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Trading Up 2.3 %

NYSE CPS opened at $14.94 on Wednesday. The stock has a fifty day simple moving average of $14.07 and a 200-day simple moving average of $14.41. The stock has a market cap of $262.18 million, a PE ratio of -3.29 and a beta of 2.55. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $17.76.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Insider Activity at Cooper-Standard

In other news, Director David John Mastrocola bought 3,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of $15.27 per share, with a total value of $45,810.00. Following the transaction, the director now directly owns 11,115 shares in the company, valued at $169,726.05. The trade was a 36.97 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup initiated coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $12.00 target price on the stock. StockNews.com raised shares of Cooper-Standard from a “hold” rating to a “buy” rating in a research report on Saturday, February 22nd.

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.