Cooper-Standard (NYSE:CPS) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Cooper-Standard (NYSE:CPS) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Cooper-Standard Trading Up 4.0 %

Shares of CPS stock opened at $15.98 on Tuesday. The company’s fifty day simple moving average is $15.27 and its 200-day simple moving average is $16.22. Cooper-Standard has a 52 week low of $9.86 and a 52 week high of $22.74. The company has a market cap of $276.29 million, a PE ratio of -1.37 and a beta of 2.88.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 15th. The auto parts company reported ($1.79) EPS for the quarter. The firm had revenue of $673.64 million for the quarter.

Institutional Investors Weigh In On Cooper-Standard

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Cooper-Standard during the 3rd quarter worth $56,000. Barclays PLC increased its stake in Cooper-Standard by 202.5% during the 2nd quarter. Barclays PLC now owns 5,269 shares of the auto parts company’s stock worth $75,000 after buying an additional 3,527 shares during the period. Clear Street Markets LLC bought a new stake in shares of Cooper-Standard in the 3rd quarter worth about $93,000. Janney Montgomery Scott LLC bought a new stake in shares of Cooper-Standard in the 3rd quarter worth about $156,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Cooper-Standard in the 4th quarter worth about $195,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

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.