US Bancorp DE Takes $33,000 Position in Cooper-Standard Holdings Inc. (NYSE:CPS)

US Bancorp DE purchased a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,354 shares of the auto parts company’s stock, valued at approximately $33,000.

A number of other large investors have also made changes to their positions in CPS. BNP Paribas Financial Markets increased its stake in Cooper-Standard by 19.6% in the 1st quarter. BNP Paribas Financial Markets now owns 18,363 shares of the auto parts company’s stock valued at $304,000 after purchasing an additional 3,004 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Cooper-Standard by 7.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company’s stock worth $618,000 after buying an additional 3,197 shares during the last quarter. Rhumbline Advisers boosted its position in shares of 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 buying an additional 3,723 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Cooper-Standard by 5.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 122,860 shares of the auto parts company’s stock valued at $2,035,000 after acquiring an additional 6,236 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Cooper-Standard by 7.1% during the second 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 in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Cooper-Standard Trading Down 3.8 %

NYSE CPS opened at $14.08 on Tuesday. The company has a market capitalization of $243.96 million, a PE ratio of -1.47 and a beta of 2.74. The business’s 50-day moving average price is $13.98 and its 200 day moving average price is $13.77. Cooper-Standard Holdings Inc. has a twelve month low of $11.24 and a twelve month high of $20.82.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th.

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.