Cooper-Standard (NYSE:CPS) CFO Jonathan Banas Acquires 500 Shares

Cooper-Standard Holdings Inc. (NYSE:CPS) CFO Jonathan Banas acquired 500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $29.95 per share, with a total value of $14,975.00. Following the completion of the purchase, the chief financial officer directly owned 53,427 shares in the company, valued at $1,600,138.65. This represents a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cooper-Standard Stock Up 3.2%

Shares of CPS stock opened at $28.97 on Thursday. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $40.67. The stock has a market cap of $510.98 million, a P/E ratio of 17.88 and a beta of 2.69. The business has a fifty day simple moving average of $36.06 and a 200-day simple moving average of $27.77.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, October 30th. The auto parts company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.74). The business had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $698.83 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors have recently bought and sold shares of CPS. Fiduciary Alliance LLC grew its position in Cooper-Standard by 2.9% during the third quarter. Fiduciary Alliance LLC now owns 498,714 shares of the auto parts company’s stock valued at $18,418,000 after acquiring an additional 13,973 shares during the period. Geode Capital Management LLC grew its holdings in shares of Cooper-Standard by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 404,667 shares of the auto parts company’s stock worth $8,702,000 after purchasing an additional 1,298 shares during the period. Millennium Management LLC grew its holdings in shares of Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock worth $4,765,000 after purchasing an additional 147,209 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Cooper-Standard by 4.1% during the 2nd quarter. Raymond James Financial Inc. now owns 231,920 shares of the auto parts company’s stock worth $4,986,000 after purchasing an additional 9,204 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in Cooper-Standard by 24.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 223,558 shares of the auto parts company’s stock worth $3,425,000 after buying an additional 43,979 shares during the period. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CPS. Weiss Ratings reiterated a “hold (c)” rating on shares of Cooper-Standard in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday. Stifel Nicolaus lifted their price target on shares of Cooper-Standard from $39.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Finally, Wall Street Zen cut shares of Cooper-Standard from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cooper-Standard currently has a consensus rating of “Hold” and an average price target of $26.50.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.