Sei Investments Co. Purchases 23,440 Shares of Cooper-Standard Holdings Inc. $CPS

Sei Investments Co. lifted its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 200.8% in the first quarter, HoldingsChannel.com reports. The firm owned 35,113 shares of the auto parts company’s stock after purchasing an additional 23,440 shares during the period. Sei Investments Co.’s holdings in Cooper-Standard were worth $979,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CPS. Vanguard Group Inc. increased its holdings in Cooper-Standard by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 976,604 shares of the auto parts company’s stock valued at $36,066,000 after purchasing an additional 29,800 shares during the period. Fiduciary Alliance LLC lifted its holdings in Cooper-Standard by 0.5% in the 1st quarter. Fiduciary Alliance LLC now owns 503,971 shares of the auto parts company’s stock worth $15,376,000 after buying an additional 2,598 shares during the period. Geode Capital Management LLC lifted its holdings in Cooper-Standard by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 422,689 shares of the auto parts company’s stock worth $13,880,000 after buying an additional 13,143 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Cooper-Standard by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock worth $11,376,000 after buying an additional 23,620 shares during the last quarter. Finally, EVR Research LP grew its position in shares of Cooper-Standard by 114.3% in the 4th quarter. EVR Research LP now owns 375,000 shares of the auto parts company’s stock worth $12,311,000 after buying an additional 200,000 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Cooper-Standard Stock Performance

Shares of CPS opened at $27.73 on Thursday. Cooper-Standard Holdings Inc. has a fifty-two week low of $25.27 and a fifty-two week high of $47.98. The firm’s 50-day simple moving average is $28.59 and its two-hundred day simple moving average is $30.71. The stock has a market cap of $492.76 million, a PE ratio of -8.83 and a beta of 2.00.

Cooper-Standard (NYSE:CPS) last released its earnings results on Wednesday, August 5th. The auto parts company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.67). The firm had revenue of $721.35 million for the quarter, compared to analysts’ expectations of $708.90 million. Equities research analysts predict that Cooper-Standard Holdings Inc. will post 2.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CPS shares. Zacks Research cut Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded shares of Cooper-Standard from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday. Finally, Stifel Nicolaus cut their price target on shares of Cooper-Standard from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $48.33.

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.