45,130 Shares in Cooper-Standard Holdings Inc. $CPS Bought by Waystone Advisors LLC

Waystone Advisors LLC purchased a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 45,130 shares of the auto parts company’s stock, valued at approximately $1,482,000. Cooper-Standard accounts for 1.3% of Waystone Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Waystone Advisors LLC owned 0.26% of Cooper-Standard as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CPS. Royal Bank of Canada boosted its stake in 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 worth $393,000 after purchasing an additional 19,843 shares during the period. AQR Capital Management LLC boosted its stake in Cooper-Standard by 1,345.8% during the 1st 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. Millennium Management LLC boosted its stake in Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock worth $4,765,000 after purchasing an additional 147,209 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Cooper-Standard by 21.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company’s stock worth $3,286,000 after acquiring an additional 38,489 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in shares of Cooper-Standard in the 2nd quarter worth $202,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

Cooper-Standard Stock Up 1.3%

Shares of NYSE CPS opened at $30.45 on Thursday. Cooper-Standard Holdings Inc. has a 52 week low of $19.32 and a 52 week high of $47.98. The firm has a 50-day moving average price of $29.48 and a 200 day moving average price of $31.91. The stock has a market capitalization of $540.40 million, a price-to-earnings ratio of -13.97 and a beta of 2.00.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Thursday, May 7th. The auto parts company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The company had revenue of $686.36 million for the quarter, compared to analysts’ expectations of $660.00 million. Equities research analysts expect that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Insider Activity at Cooper-Standard

In related news, Director David John Mastrocola acquired 3,391 shares of Cooper-Standard stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $100,950.07. Following the completion of the purchase, the director directly owned 25,000 shares of the company’s stock, valued at approximately $744,250. This trade represents a 15.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 6,885 shares of company stock valued at $208,144 in the last ninety days. 9.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CPS has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Cooper-Standard in a research note on Friday, May 22nd. Stifel Nicolaus reduced their target price on shares of Cooper-Standard to $55.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Citigroup raised their target price on shares of Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. One equities research 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 MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.33.

Cooper-Standard Company 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.