Cooper-Standard Holdings Inc. (NYSE:CPS) Stock Holdings Boosted by State Street Corp

State Street Corp lifted its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 349,445 shares of the auto parts company’s stock after buying an additional 4,809 shares during the quarter. State Street Corp’s holdings in Cooper-Standard were worth $4,847,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. US Bancorp DE acquired a new stake in shares of Cooper-Standard during the 3rd quarter valued at $33,000. Arkadios Wealth Advisors lifted its holdings in shares of Cooper-Standard by 7.7% during 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. Stifel Financial Corp boosted its position in shares of Cooper-Standard by 6.5% in the 3rd quarter. Stifel Financial Corp now owns 52,909 shares of the auto parts company’s stock valued at $734,000 after purchasing an additional 3,206 shares during the period. Rhumbline Advisers increased its stake in Cooper-Standard by 15.8% in the 2nd quarter. Rhumbline Advisers now owns 27,353 shares of the auto parts company’s stock worth $340,000 after purchasing an additional 3,723 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Cooper-Standard by 7.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,427 shares of the auto parts company’s stock worth $1,237,000 after buying an additional 6,559 shares during the period. Institutional investors and hedge funds own 69.11% of the company’s stock.

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 Down 3.5 %

Shares of NYSE:CPS opened at $13.86 on Monday. The company’s fifty day moving average is $14.60 and its two-hundred day moving average is $13.92. The company has a market cap of $240.15 million, a P/E ratio of -1.39 and a beta of 2.79. Cooper-Standard Holdings Inc. has a 12-month low of $11.24 and a 12-month high of $20.75.

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

About Cooper-Standard

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.