Cooper-Standard Holdings Inc. (NYSE:CPS – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.80 and traded as low as $27.12. Cooper-Standard shares last traded at $27.4310, with a volume of 126,968 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on CPS shares. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Stifel Nicolaus reduced their price target on shares of Cooper-Standard to $55.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Wall Street Zen lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cooper-Standard in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cooper-Standard currently has an average rating of “Hold” and a consensus target price of $49.33.
Check Out Our Latest Research Report on CPS
Cooper-Standard Stock Up 3.3%
Cooper-Standard (NYSE:CPS – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). The company had revenue of $686.36 million during the quarter, compared to analyst estimates of $660.00 million. As a group, analysts forecast that Cooper-Standard Holdings Inc. will post 3.12 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Quantinno Capital Management LP raised its stake in shares of Cooper-Standard by 53.4% during the first quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock valued at $342,000 after purchasing an additional 4,275 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Cooper-Standard by 60.9% in the first quarter. Public Employees Retirement System of Ohio now owns 19,981 shares of the auto parts company’s stock worth $557,000 after purchasing an additional 7,566 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Cooper-Standard by 15.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock valued at $8,662,000 after buying an additional 41,797 shares in the last quarter. Sei Investments Co. grew its position in Cooper-Standard by 200.8% in the 1st quarter. Sei Investments Co. now owns 35,113 shares of the auto parts company’s stock valued at $979,000 after buying an additional 23,440 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Cooper-Standard by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock valued at $11,376,000 after buying an additional 23,620 shares during the period. 69.11% of the stock is owned by institutional investors and hedge funds.
About Cooper-Standard
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.
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