Cooper-Standard (NYSE:CPS) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Cooper-Standard Stock Performance

CPS opened at $15.14 on Monday. The company’s 50 day simple moving average is $15.55 and its 200 day simple moving average is $16.11. Cooper-Standard has a 1 year low of $9.86 and a 1 year high of $22.74. The stock has a market capitalization of $261.77 million, a PE ratio of -1.30 and a beta of 2.88.

Cooper-Standard (NYSE:CPS) last released its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) earnings per share (EPS) for the quarter. The company had revenue of $673.64 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Fiduciary Alliance LLC lifted its position in Cooper-Standard by 126.3% during the first quarter. Fiduciary Alliance LLC now owns 213,683 shares of the auto parts company’s stock valued at $3,383,000 after buying an additional 119,279 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Cooper-Standard by 145.9% during the first quarter. Sunbelt Securities Inc. now owns 19,300 shares of the auto parts company’s stock valued at $320,000 after buying an additional 11,450 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Cooper-Standard by 12.7% during the first quarter. Los Angeles Capital Management LLC now owns 28,894 shares of the auto parts company’s stock valued at $478,000 after buying an additional 3,250 shares in the last quarter. Vanguard Group Inc. lifted its position in Cooper-Standard by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 871,587 shares of the auto parts company’s stock valued at $17,031,000 after buying an additional 23,979 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Cooper-Standard by 32.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 69,796 shares of the auto parts company’s stock valued at $1,364,000 after buying an additional 17,099 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Company 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.