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

Cooper-Standard (NYSE:CPS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Cooper-Standard Stock Down 9.8 %

Cooper-Standard stock traded down $1.63 during midday trading on Tuesday, reaching $14.94. The stock had a trading volume of 294,747 shares, compared to its average volume of 151,882. Cooper-Standard has a 52-week low of $9.94 and a 52-week high of $22.74. The company has a fifty day moving average of $15.51 and a 200 day moving average of $16.42. The firm has a market cap of $258.31 million, a price-to-earnings ratio of -1.28 and a beta of 2.87.

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

Institutional Trading of Cooper-Standard

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC increased its stake in Cooper-Standard by 183.0% in the 3rd quarter. Barclays PLC now owns 14,911 shares of the auto parts company’s stock worth $201,000 after buying an additional 9,642 shares during the period. SG Americas Securities LLC purchased a new position in shares of Cooper-Standard during the fourth quarter worth approximately $269,000. Fiduciary Alliance LLC bought a new stake in shares of Cooper-Standard during the fourth quarter valued at approximately $1,845,000. Trexquant Investment LP boosted its holdings in shares of Cooper-Standard by 119.6% in the third quarter. Trexquant Investment LP now owns 48,199 shares of the auto parts company’s stock valued at $647,000 after purchasing an additional 26,246 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Cooper-Standard by 61.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 84,067 shares of the auto parts company’s stock worth $1,643,000 after purchasing an additional 31,855 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors.

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.