New York State Teachers Retirement System decreased its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,460 shares of the company’s stock after selling 600 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Cooper-Standard Holdings worth $1,561,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC grew its stake in shares of Cooper-Standard Holdings by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 1,432 shares of the company’s stock worth $144,000 after acquiring an additional 632 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Cooper-Standard Holdings in the second quarter worth $146,000. Flinton Capital Management LLC grew its stake in shares of Cooper-Standard Holdings by 66.7% in the second quarter. Flinton Capital Management LLC now owns 1,540 shares of the company’s stock worth $155,000 after acquiring an additional 616 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Cooper-Standard Holdings by 20.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the company’s stock worth $155,000 after buying an additional 259 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Cooper-Standard Holdings by 15.9% during the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the company’s stock worth $164,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.
CPS has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Roth Capital lifted their price target on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) downgraded shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research note on Monday, October 16th. Finally, Buckingham Research decreased their price target on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating on the stock in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Cooper-Standard Holdings presently has a consensus rating of “Hold” and an average target price of C$117.17.
In other news, VP Keith Dwayne Stephenson sold 14,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of C$105.04, for a total value of C$1,470,560.00. Following the sale, the vice president now owns 63,584 shares in the company, valued at approximately C$6,678,863.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aleksandra A. Miziolek sold 865 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$101.00, for a total transaction of C$87,365.00. Following the completion of the sale, the insider now owns 866 shares in the company, valued at approximately C$87,466. The disclosure for this sale can be found here. Insiders sold a total of 200,365 shares of company stock worth $23,185,705 in the last 90 days. 1.10% of the stock is owned by corporate insiders.
Shares of Cooper-Standard Holdings Inc. (NYSE CPS) opened at C$120.12 on Monday. Cooper-Standard Holdings Inc. has a 52 week low of C$87.10 and a 52 week high of C$120.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.75. The firm has a market cap of $2,105.80, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings results on Tuesday, October 31st. The company reported C$2.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$2.36 by C($0.25). Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The business had revenue of C$869.02 million for the quarter, compared to analyst estimates of C$844.14 million. During the same quarter in the prior year, the firm earned $2.48 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. equities analysts forecast that Cooper-Standard Holdings Inc. will post 10.75 EPS for the current fiscal year.
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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.
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