Cooper-Standard (NYSE:CPS) Stock: Insider Jonathan Banas Acquires 1,000 Shares

Cooper-Standard Holdings Inc. (NYSE:CPS) CFO Jonathan Banas acquired 1,000 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of $17.25 per share, for a total transaction of $17,250.00. Following the completion of the purchase, the chief financial officer directly owned 68,277 shares in the company, valued at $1,177,778.25. This trade represents a 1.49% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Cooper-Standard Trading Up 6.0%

CPS opened at $19.82 on Wednesday. The firm has a 50-day moving average price of $21.92 and a 200-day moving average price of $28.27. Cooper-Standard Holdings Inc. has a twelve month low of $16.91 and a twelve month high of $47.98.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Wednesday, November 4th. The auto parts company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.74 by ($0.85). The company had revenue of $708.59 million for the quarter, compared to the consensus estimate of $704.13 million. Equities research analysts anticipate that Cooper-Standard Holdings Inc. will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CPS. Stifel Nicolaus decreased their price objective on Cooper-Standard from $32.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday. Citigroup lowered their price objective on Cooper-Standard from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday. Freedom Broker dropped their price objective on Cooper-Standard from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research downgraded Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, Weiss Ratings raised shares of Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.00.

Hedge Funds Weigh In On Cooper-Standard

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its stake in shares of Cooper-Standard by 154.4% during the third quarter. Russell Investments Group Ltd. now owns 55,471 shares of the auto parts company’s stock valued at $1,156,000 after purchasing an additional 33,664 shares during the period. Tectonic Advisors LLC increased its stake in shares of Cooper-Standard by 28.6% in the third quarter. Tectonic Advisors LLC now owns 49,957 shares of the auto parts company’s stock worth $1,041,000 after buying an additional 11,104 shares during the period. Great Hill Capital LLC raised its holdings in Cooper-Standard by 1.0% during the 3rd quarter. Great Hill Capital LLC now owns 333,080 shares of the auto parts company’s stock valued at $6,941,000 after buying an additional 3,342 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Cooper-Standard by 5.8% during the 2nd quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock valued at $1,953,000 after buying an additional 3,942 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Cooper-Standard during the 2nd quarter valued at $205,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

About Cooper-Standard

Cooper-Standard Holdings Inc. is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company’s products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements. Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.