Fmr LLC Has $2 Million Stock Holdings in Cooper-Standard Holdings Inc. (NYSE:CPS)

Fmr LLC increased its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 25.4% in the third quarter, Holdings Channel.com reports. The firm owned 144,232 shares of the auto parts company’s stock after buying an additional 29,198 shares during the quarter. Fmr LLC’s holdings in Cooper-Standard were worth $2,000,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CPS. US Bancorp DE bought a new stake in shares of Cooper-Standard in the 3rd quarter valued at $33,000. Rhumbline Advisers raised its holdings in Cooper-Standard by 15.8% during the second quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock worth $340,000 after buying an additional 3,723 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Cooper-Standard during the third quarter worth $574,000. Arkadios Wealth Advisors raised its holdings in shares of Cooper-Standard by 7.7% in the third quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company’s stock valued at $618,000 after purchasing an additional 3,197 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Cooper-Standard by 36.6% in the second quarter. Panagora Asset Management Inc. now owns 77,450 shares of the auto parts company’s stock valued at $963,000 after purchasing an additional 20,758 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Cooper-Standard Stock Up 0.9 %

Shares of NYSE:CPS opened at $15.20 on Monday. The firm has a market capitalization of $263.42 million, a PE ratio of -1.53 and a beta of 2.79. Cooper-Standard Holdings Inc. has a twelve month low of $11.24 and a twelve month high of $20.82. The company has a 50-day moving average price of $14.47 and a two-hundred day moving average price of $13.83.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported ($0.68) EPS for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.50. The firm 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.