EVR Research LP Has $12.31 Million Stock Holdings in Cooper-Standard Holdings Inc. $CPS

EVR Research LP raised its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 114.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 375,000 shares of the auto parts company’s stock after purchasing an additional 200,000 shares during the quarter. Cooper-Standard accounts for about 6.6% of EVR Research LP’s holdings, making the stock its 3rd biggest holding. EVR Research LP’s holdings in Cooper-Standard were worth $12,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of Cooper-Standard by 76.8% in the 4th quarter. AQR Capital Management LLC now owns 157,323 shares of the auto parts company’s stock worth $5,165,000 after acquiring an additional 68,343 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Cooper-Standard by 9.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,734 shares of the auto parts company’s stock worth $320,000 after acquiring an additional 818 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Cooper-Standard by 7.5% in the 4th quarter. Osaic Holdings Inc. now owns 100,140 shares of the auto parts company’s stock worth $3,288,000 after acquiring an additional 6,956 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Cooper-Standard by 34.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 12,415 shares of the auto parts company’s stock worth $408,000 after acquiring an additional 3,167 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Cooper-Standard by 5.3% in the 4th quarter. Russell Investments Group Ltd. now owns 14,876 shares of the auto parts company’s stock worth $488,000 after acquiring an additional 745 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

Cooper-Standard Stock Down 4.0%

Shares of NYSE CPS opened at $28.61 on Thursday. Cooper-Standard Holdings Inc. has a 52 week low of $19.32 and a 52 week high of $47.98. The firm’s fifty day moving average is $29.71 and its 200 day moving average is $31.86. The company has a market cap of $507.77 million, a price-to-earnings ratio of -13.12 and a beta of 1.97.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, May 7th. The auto parts company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The company had revenue of $686.36 million for the quarter, compared to the consensus estimate of $660.00 million. Equities research analysts anticipate that Cooper-Standard Holdings Inc. will post 3.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CPS. Zacks Research upgraded shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Cooper-Standard in a report on Friday, May 22nd. Citigroup lifted their target price on shares of Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Stifel Nicolaus decreased their target price on shares of Cooper-Standard to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $49.33.

About Cooper-Standard

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.