Charles Schwab Investment Management Inc. Has $2.50 Million Stake in Cooper-Standard Holdings Inc. (NYSE:CPS)

Charles Schwab Investment Management Inc. lowered its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 42.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 184,664 shares of the auto parts company’s stock after selling 133,528 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cooper-Standard were worth $2,504,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Gladstone Institutional Advisory LLC bought a new stake in Cooper-Standard during the 4th quarter worth about $219,000. SG Americas Securities LLC acquired a new stake in shares of Cooper-Standard during the 4th quarter worth approximately $107,000. Arkadios Wealth Advisors grew its position in shares of Cooper-Standard by 9.1% during the 4th quarter. Arkadios Wealth Advisors now owns 48,568 shares of the auto parts company’s stock worth $659,000 after buying an additional 4,043 shares during the period. Fiduciary Alliance LLC raised its stake in shares of Cooper-Standard by 9.3% during the fourth quarter. Fiduciary Alliance LLC now owns 343,892 shares of the auto parts company’s stock worth $4,663,000 after buying an additional 29,202 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Cooper-Standard by 75.5% in the third quarter. JPMorgan Chase & Co. now owns 77,008 shares of the auto parts company’s stock valued at $1,068,000 after buying an additional 33,135 shares during the period. Institutional investors own 69.11% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd.

Cooper-Standard Stock Down 2.7 %

Shares of NYSE CPS opened at $15.61 on Friday. Cooper-Standard Holdings Inc. has a twelve month low of $11.24 and a twelve month high of $19.21. The stock has a market cap of $270.51 million, a price-to-earnings ratio of -3.44 and a beta of 2.71. The company’s fifty day moving average is $15.11 and its 200-day moving average is $14.49.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.22).

Insiders Place Their Bets

In other Cooper-Standard news, Director David John Mastrocola purchased 3,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of $15.27 per share, with a total value of $45,810.00. Following the completion of the transaction, the director now directly owns 11,115 shares in the company, valued at $169,726.05. This represents a 36.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

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.