Amalgamated Bank Sells 5 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Amalgamated Bank decreased its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,992 shares of the auto parts company’s stock after selling 5 shares during the period. Amalgamated Bank’s holdings in Cooper-Standard Holdings were worth $221,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in CPS. Flinton Capital Management LLC increased its stake in shares of Cooper-Standard Holdings by 13.8% in the first quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock worth $103,000 after buying an additional 112 shares during the last quarter. Neuburgh Advisers LLC increased its position in Cooper-Standard Holdings by 13.8% in the first quarter. Neuburgh Advisers LLC now owns 1,122 shares of the auto parts company’s stock worth $125,000 after buying an additional 136 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Cooper-Standard Holdings during the first quarter worth about $142,000. Redwood Investments LLC increased its position in Cooper-Standard Holdings by 14.9% in the first quarter. Redwood Investments LLC now owns 1,867 shares of the auto parts company’s stock worth $207,000 after buying an additional 242 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Cooper-Standard Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,960 shares of the auto parts company’s stock worth $217,000 after buying an additional 40 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors.

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 100.17 on Friday. The company has a 50 day moving average price of $102.46 and a 200 day moving average price of $107.25. The company has a market capitalization of $1.78 billion, a P/E ratio of 12.62 and a beta of 0.72. Cooper-Standard Holdings Inc. has a 12-month low of $82.50 and a 12-month high of $118.59.

Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $884.02 million. During the same period last year, the firm earned $2.85 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Equities analysts anticipate that Cooper-Standard Holdings Inc. will post $10.67 EPS for the current year.

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CPS has been the topic of a number of recent analyst reports. Bank of America Corporation restated an “underperform” rating and set a $85.00 target price (down previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. Zacks Investment Research cut shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub cut shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Jefferies Group LLC restated a “hold” rating and issued a $117.00 price target on shares of Cooper-Standard Holdings in a research report on Wednesday, May 3rd. Finally, ValuEngine upgraded shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $109.67.

In other news, Chairman Jeffrey S. Edwards sold 17,540 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $108.47, for a total value of $1,902,563.80. Following the completion of the sale, the chairman now owns 67,199 shares of the company’s stock, valued at $7,289,075.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Miguel Posada Juan Fernando De sold 2,289 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $110.30, for a total value of $252,476.70. Following the completion of the sale, the insider now directly owns 4,689 shares of the company’s stock, valued at approximately $517,196.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 319,122 shares of company stock worth $34,081,804. 3.90% of the stock is owned by insiders.

Cooper-Standard Holdings Company Profile

Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.

Institutional Ownership by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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