StockNews.com initiated coverage on shares of Cooper-Standard (NYSE:CPS – Get Rating) in a report published on Thursday. The brokerage issued a hold rating on the auto parts company’s stock.
Cooper-Standard Stock Down 7.2 %
NYSE CPS opened at $12.95 on Thursday. Cooper-Standard has a 12 month low of $3.53 and a 12 month high of $18.95. The company’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $10.07. The company has a current ratio of 1.50, a quick ratio of 1.25 and a debt-to-equity ratio of 9.70.
Institutional Investors Weigh In On Cooper-Standard
Institutional investors and hedge funds have recently modified their holdings of the stock. Kovack Advisors Inc. purchased a new stake in shares of Cooper-Standard during the fourth quarter valued at $1,179,000. Charles Schwab Investment Management Inc. raised its holdings in Cooper-Standard by 21.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,635,351 shares of the auto parts company’s stock worth $14,816,000 after buying an additional 284,227 shares during the period. Renaissance Technologies LLC lifted its stake in Cooper-Standard by 36.6% during the fourth quarter. Renaissance Technologies LLC now owns 33,200 shares of the auto parts company’s stock valued at $301,000 after buying an additional 8,900 shares in the last quarter. Advisor Group Holdings Inc. boosted its holdings in shares of Cooper-Standard by 20.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 60,159 shares of the auto parts company’s stock worth $545,000 after buying an additional 10,280 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Cooper-Standard by 40.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 565,355 shares of the auto parts company’s stock worth $5,122,000 after buying an additional 163,711 shares during the period. Institutional investors and hedge funds own 69.53% of the company’s stock.
Cooper-Standard Company Profile
Cooper-Standard Holdings, Inc design, manufactures and sell sealing, fuel and brake delivery, fluid transfer and anti-vibration systems. Its products include rubber & plastic sealing, fuel & brake lines, fluid transfer hoses and anti-vibration systems. The company was founded in 2004 and is headquartered in Northville, MI.
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