Cooper-Standard (NYSE:CPS) Downgraded to Hold at StockNews.com

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

Cooper-Standard Stock Down 5.8 %

Shares of NYSE CPS traded down $0.86 during midday trading on Tuesday, reaching $13.99. The company had a trading volume of 199,446 shares, compared to its average volume of 141,808. The stock has a market cap of $241.89 million, a PE ratio of -2.36 and a beta of 2.77. Cooper-Standard has a one year low of $11.24 and a one year high of $22.74. The firm’s fifty day moving average price is $12.95 and its 200-day moving average price is $14.87.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Monday, May 6th. The auto parts company reported ($1.75) earnings per share for the quarter. The firm had revenue of $676.43 million for the quarter.

Institutional Investors Weigh In On Cooper-Standard

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Cooper-Standard by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 905,185 shares of the auto parts company’s stock valued at $14,990,000 after purchasing an additional 33,598 shares during the period. Fiduciary Alliance LLC raised its position in Cooper-Standard by 21.2% in the second quarter. Fiduciary Alliance LLC now owns 259,085 shares of the auto parts company’s stock worth $3,096,000 after acquiring an additional 45,402 shares during the period. Kovack Advisors Inc. boosted its stake in shares of Cooper-Standard by 3.8% during the 1st quarter. Kovack Advisors Inc. now owns 216,495 shares of the auto parts company’s stock worth $3,585,000 after acquiring an additional 7,870 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Cooper-Standard by 63.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 137,311 shares of the auto parts company’s stock valued at $2,274,000 after acquiring an additional 53,244 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Cooper-Standard by 5.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 122,860 shares of the auto parts company’s stock worth $2,035,000 after purchasing an additional 6,236 shares in the last quarter. 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.