BlackRock Discloses 6.0% Stake in Cooper-Standard Holdings
Ticker: CPS · Form: SC 13G · Filed: Jan 25, 2024 · CIK: 1320461
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, passive-investment
TL;DR
**BlackRock just revealed a 6.0% stake in Cooper-Standard, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 25, 2024, that it holds a significant stake in Cooper-Standard Holdings Inc. (NYSE: CPS), a motor vehicle parts manufacturer. As of December 31, 2023, BlackRock beneficially owns 1,007,838 shares of Cooper-Standard's Common Stock, representing 6.0% of the company. This matters to investors because it signals that a large, institutional investor sees value in Cooper-Standard, potentially indicating confidence in the company's future performance.
Why It Matters
A substantial investment by a firm like BlackRock can boost investor confidence and potentially attract more institutional interest in Cooper-Standard Holdings Inc.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investment, which generally reduces perceived risk by showing external validation of the company's value.
Analyst Insight
Smart investors should view BlackRock's 6.0% stake as a positive signal, potentially indicating underlying value or future growth prospects for Cooper-Standard Holdings Inc., and consider further research into the company's fundamentals.
Key Numbers
- 1,007,838 — Shares Owned (The total number of Common Stock shares of Cooper-Standard Holdings Inc. beneficially owned by BlackRock Inc. as of December 31, 2023.)
- 6.0% — Ownership Percentage (The percentage of Cooper-Standard Holdings Inc.'s Common Stock that BlackRock Inc. beneficially owns, indicating a significant stake.)
Key Players & Entities
- BlackRock Inc. (company) — the investment firm filing the SC 13G
- Cooper-Standard Holdings Inc. (company) — the subject company in which BlackRock holds shares
- 1,007,838 (dollar_amount) — number of shares beneficially owned by BlackRock
- 6.0% (dollar_amount) — percentage of Cooper-Standard's common stock owned by BlackRock
- December 31, 2023 (person) — the date of the event requiring the filing
- January 25, 2024 (person) — the filing date of the SC 13G
Forward-Looking Statements
- Other institutional investors may increase their positions in Cooper-Standard Holdings Inc. following BlackRock's disclosure. (Cooper-Standard Holdings Inc.) — medium confidence, target: Within 6 months
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the 'subject company' in this filing?
The subject company is Cooper-Standard Holdings Inc., identified by CIK 0001320461 and CUSIP 21676P103.
Who is the 'filing person' or 'reporting person' in this document?
The filing person is BlackRock Inc., identified by CIK 0001364742.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023.
What is the business address of Cooper-Standard Holdings Inc.?
The business address of Cooper-Standard Holdings Inc. is 40300 Traditions Drive, Northville, MI 48168.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 25, 2024 by December 31, 2023 regarding Cooper-Standard Holdings Inc. (CPS).