Osaic Holdings Inc. Purchases 25,318 Shares of Cooper-Standard Holdings Inc. $CPS

Osaic Holdings Inc. grew its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 42.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,593 shares of the auto parts company’s stock after purchasing an additional 25,318 shares during the quarter. Osaic Holdings Inc.’s holdings in Cooper-Standard were worth $1,840,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CPS. Nuveen LLC acquired a new position in Cooper-Standard in the first quarter valued at $938,000. Raymond James Financial Inc. raised its position in shares of Cooper-Standard by 19.7% in the 1st quarter. Raymond James Financial Inc. now owns 222,716 shares of the auto parts company’s stock worth $3,412,000 after acquiring an additional 36,716 shares in the last quarter. Trexquant Investment LP lifted its stake in shares of Cooper-Standard by 86.5% in the 1st quarter. Trexquant Investment LP now owns 136,453 shares of the auto parts company’s stock valued at $2,090,000 after purchasing an additional 63,294 shares during the period. Royal Bank of Canada boosted its position in shares of Cooper-Standard by 343.0% during the 1st quarter. Royal Bank of Canada now owns 25,628 shares of the auto parts company’s stock valued at $393,000 after purchasing an additional 19,843 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Cooper-Standard by 1,345.8% during the first quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company’s stock worth $2,321,000 after purchasing an additional 141,049 shares during the period. Institutional investors own 69.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CPS. Stifel Nicolaus boosted their price target on Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Wall Street Zen lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cooper-Standard in a research note on Monday, December 22nd. Zacks Research cut shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, November 4th. Finally, Citigroup lifted their price target on shares of Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.00.

Insider Activity at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola bought 2,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average price of $29.05 per share, for a total transaction of $58,100.00. Following the acquisition, the director directly owned 18,115 shares of the company’s stock, valued at approximately $526,240.75. The trade was a 12.41% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.80% of the stock is currently owned by insiders.

Cooper-Standard Stock Down 0.6%

Shares of CPS opened at $32.88 on Tuesday. The business’s fifty day moving average is $32.17 and its 200 day moving average is $30.59. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $40.67. The stock has a market cap of $579.92 million, a P/E ratio of 18.06 and a beta of 1.95.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings results on Friday, October 31st. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The business had revenue of $695.50 million for the quarter, compared to analyst estimates of $698.83 million.

Cooper-Standard 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.