Cooper-Standard Holdings Inc. (NYSE:CPS) VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total value of $1,470,560.00. Following the completion of the sale, the vice president now directly owns 63,584 shares of the company’s stock, valued at $6,678,863.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Cooper-Standard Holdings Inc. (NYSE:CPS) traded up 1.33% during trading on Friday, hitting $106.56. The stock had a trading volume of 512,559 shares. The stock’s 50-day moving average is $101.15 and its 200 day moving average is $106.06. Cooper-Standard Holdings Inc. has a one year low of $82.50 and a one year high of $118.59. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 13.42 and a beta of 0.73.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.85 earnings per share. Equities analysts anticipate that Cooper-Standard Holdings Inc. will post $10.70 earnings per share for the current year.
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A number of analysts have issued reports on the company. ValuEngine downgraded Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research raised Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $85.00 target price (down from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $109.67.
A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake in Cooper-Standard Holdings by 0.4% in the second quarter. Public Employees Retirement System of Ohio now owns 32,799 shares of the auto parts company’s stock valued at $3,308,000 after purchasing an additional 136 shares during the last quarter. Verition Fund Management LLC increased its stake in Cooper-Standard Holdings by 35.4% in the second quarter. Verition Fund Management LLC now owns 3,818 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 998 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in Cooper-Standard Holdings in the second quarter valued at $389,000. Ameritas Investment Partners Inc. increased its stake in Cooper-Standard Holdings by 20.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 259 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Cooper-Standard Holdings by 6.4% in the second quarter. California State Teachers Retirement System now owns 31,054 shares of the auto parts company’s stock valued at $3,132,000 after purchasing an additional 1,858 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
About Cooper-Standard Holdings
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.
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