186,000 Shares in Cooper-Standard Holdings Inc. (NYSE:CPS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) in the fourth quarter, Holdings Channel.com reports. The fund acquired 186,000 shares of the auto parts company’s stock, valued at approximately $2,522,000.

A number of other institutional investors have also added to or reduced their stakes in CPS. Orion Portfolio Solutions LLC boosted its stake in Cooper-Standard by 14.2% in the third quarter. Orion Portfolio Solutions LLC now owns 13,704 shares of the auto parts company’s stock worth $190,000 after buying an additional 1,701 shares in the last quarter. Stifel Financial Corp grew its position in Cooper-Standard by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 52,909 shares of the auto parts company’s stock worth $734,000 after acquiring an additional 3,206 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Cooper-Standard by 9.1% in the 4th quarter. Arkadios Wealth Advisors now owns 48,568 shares of the auto parts company’s stock worth $659,000 after purchasing an additional 4,043 shares during the period. State Street Corp raised its holdings in Cooper-Standard by 1.4% during the 3rd quarter. State Street Corp now owns 349,445 shares of the auto parts company’s stock valued at $4,847,000 after buying an additional 4,809 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Cooper-Standard by 1.2% during the third quarter. Geode Capital Management LLC now owns 392,882 shares of the auto parts company’s stock valued at $5,450,000 after acquiring an additional 4,821 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cooper-Standard from a “hold” rating to a “buy” rating in a research note on Saturday, February 22nd.

Cooper-Standard Stock Down 2.7 %

CPS opened at $15.61 on Friday. The stock has a market cap of $270.51 million, a PE ratio of -3.44 and a beta of 2.71. The business has a 50 day moving average of $15.11 and a 200-day moving average of $14.50. Cooper-Standard Holdings Inc. has a 52 week low of $11.24 and a 52 week high of $19.21.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Insider Buying and Selling

In related news, Director David John Mastrocola bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the completion of the acquisition, the director now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.20% of the stock is owned by company insiders.

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.