US Bancorp DE Takes Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

US Bancorp DE acquired a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,354 shares of the auto parts company’s stock, valued at approximately $33,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of Cooper-Standard during the 1st quarter worth approximately $232,000. BNP Paribas Financial Markets grew its position in Cooper-Standard by 19.6% in the 1st quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after buying an additional 3,004 shares in the last quarter. Rhumbline Advisers increased its stake in Cooper-Standard by 15.8% during the 2nd quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock valued at $340,000 after buying an additional 3,723 shares during the period. Arkadios Wealth Advisors raised its position in shares of Cooper-Standard by 7.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company’s stock worth $618,000 after buying an additional 3,197 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in shares of Cooper-Standard by 36.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 77,450 shares of the auto parts company’s stock worth $963,000 after acquiring an additional 20,758 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th.

Cooper-Standard Trading Down 3.8 %

NYSE:CPS opened at $14.08 on Tuesday. The company has a 50-day moving average of $13.98 and a 200-day moving average of $13.77. Cooper-Standard Holdings Inc. has a twelve month low of $11.24 and a twelve month high of $20.82. The firm has a market cap of $243.96 million, a price-to-earnings ratio of -1.47 and a beta of 2.74.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, October 31st. The auto parts company reported ($0.68) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.50. The company had revenue of $685.35 million during the quarter.

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.