SCHEDULE 13G/A: Thrivent Financial for Lutherans Amends Significant Stake in Cooper-Standard Holdings Inc. to 9.3%

Thrivent Financial for Lutherans has filed an Amendment No. 7 to Schedule 13G, reporting a beneficial ownership of 9.3% in Cooper-Standard Holdings Inc. as of December 31, 2024.

Summary

• Thrivent Financial for Lutherans (TFL) filed an Amendment No. 7 to Schedule 13G, disclosing its beneficial ownership in Cooper-Standard Holdings Inc.
• As of December 31, 2024, TFL beneficially owns an aggregate of 1,616,000 shares of Cooper-Standard Holdings Inc. Common Stock.
• This ownership represents 9.3% of the outstanding Common Stock of Cooper-Standard Holdings Inc.
• TFL holds 8,685 shares with sole voting and sole dispositive power through the Thrivent Defined Benefit Plan Trust, though TFL disclaims beneficial ownership of these specific shares.
• An additional 1,607,315 shares are held with shared voting and shared dispositive power.
• These shared power shares include 428,694 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 1,178,621 shares held by registered investment companies for which Thrivent Asset Management, LLC (a wholly-owned subsidiary of TFL) serves as investment adviser.
• The percentage calculation is based on 17,326,531 shares of Cooper-Standard Holdings Inc. Common Stock outstanding as of October 25, 2024, as reported in the company's Quarterly Report on Form 10-Q filed on November 1, 2024.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing indicates a significant, passive institutional investment, which is generally a neutral to positive signal, but provides no new operational or financial insights into the issuer.

Positives

• Thrivent Financial for Lutherans, a notable institutional investor, maintains a substantial 9.3% beneficial ownership stake in Cooper-Standard Holdings Inc., which can be interpreted as a continued vote of confidence in the company.

Negatives

• No specific negative financial or operational details regarding Cooper-Standard Holdings Inc. were disclosed in this ownership filing.

Risks

• The filing explicitly states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, mitigating concerns about potential activist investor intervention.

Future Outlook

This Schedule 13G filing is a report of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• Thrivent Financial for Lutherans certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing pertains to an institutional investor's ownership stake and does not provide specific insights into broader industry trends or competitive dynamics for Cooper-Standard Holdings Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially influencing investor confidence.

Key Dates

Keywords

Cooper-Standard Holdings Inc., Thrivent Financial for Lutherans, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Equity Stake