Cooper-Standard (NYSE:CPS) Upgraded at StockNews.com

Cooper-Standard (NYSE:CPS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Cooper-Standard Trading Down 1.1 %

Shares of Cooper-Standard stock opened at $14.74 on Friday. Cooper-Standard has a 12-month low of $11.24 and a 12-month high of $19.21. The company has a market cap of $255.44 million, a price-to-earnings ratio of -3.25 and a beta of 2.78. The company’s 50-day moving average price is $14.62 and its 200-day moving average price is $14.37.

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

Insider Transactions at Cooper-Standard

In related news, Director David John Mastrocola bought 3,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of $15.27 per share, with a total value of $45,810.00. Following the completion of the purchase, the director now directly owns 11,115 shares of the company’s stock, valued at $169,726.05. This trade represents a 36.97 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in Cooper-Standard by 186.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 12,428 shares of the auto parts company’s stock valued at $169,000 after purchasing an additional 8,083 shares in the last quarter. PharVision Advisers LLC purchased a new stake in Cooper-Standard in the fourth quarter valued at approximately $296,000. Squarepoint Ops LLC purchased a new stake in Cooper-Standard in the fourth quarter valued at approximately $263,000. Sherbrooke Park Advisers LLC purchased a new stake in Cooper-Standard in the fourth quarter valued at approximately $178,000. Finally, Millennium Management LLC raised its stake in shares of Cooper-Standard by 449.7% during the fourth quarter. Millennium Management LLC now owns 163,806 shares of the auto parts company’s stock worth $2,221,000 after acquiring an additional 134,008 shares in the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

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.