Key Points
- Director David John Mastrocola purchased 2,000 shares on Nov. 10 at an average price of $29.05 (total $58,100), boosting his stake by 12.41% to 18,115 shares; the transaction was disclosed in an SEC filing.
- Cooper-Standard reported a quarterly EPS of -$0.24 versus a $0.50 consensus and revenue slightly below estimates; the stock trades around $31.66 (market cap ≈ $558M) and carries a consensus "Hold" rating with a $26.50 target amid mixed analyst views.
Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) Director David John Mastrocola bought 2,000 shares of the company's stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $29.05 per share, for a total transaction of $58,100.00. Following the purchase, the director owned 18,115 shares of the company's stock, valued at approximately $526,240.75. This represents a 12.41% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Cooper-Standard Stock Performance
Shares of CPS stock traded up $1.79 on Friday, reaching $31.66. The stock had a trading volume of 117,101 shares, compared to its average volume of 269,721. The stock has a market cap of $558.30 million, a P/E ratio of 19.57 and a beta of 2.69. The company has a 50 day simple moving average of $35.11 and a 200 day simple moving average of $28.36. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $40.67.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The auto parts company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.74). The firm had revenue of $695.50 million during the quarter, compared to analysts' expectations of $698.83 million.
Institutional Investors Weigh In On Cooper-Standard
A number of large investors have recently bought and sold shares of CPS. Nisa Investment Advisors LLC increased its position in Cooper-Standard by 11,273.9% during the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company's stock worth $40,000 after acquiring an additional 2,593 shares during the period. Cerity Partners LLC acquired a new stake in Cooper-Standard in the first quarter worth about $155,000. CWM LLC lifted its stake in Cooper-Standard by 391.9% in the first quarter. CWM LLC now owns 7,457 shares of the auto parts company's stock valued at $114,000 after buying an additional 5,941 shares during the period. Cetera Investment Advisers bought a new stake in shares of Cooper-Standard in the first quarter worth about $158,000. Finally, GSA Capital Partners LLP boosted its position in shares of Cooper-Standard by 89.0% during the first quarter. GSA Capital Partners LLP now owns 126,242 shares of the auto parts company's stock worth $1,934,000 after buying an additional 59,433 shares during the period. 69.11% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on CPS. Wall Street Zen downgraded Cooper-Standard from a "buy" rating to a "hold" rating in a research report on Sunday, November 9th. Stifel Nicolaus increased their target price on Cooper-Standard from $39.00 to $41.00 and gave the company a "buy" rating in a report on Monday, October 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Cooper-Standard in a report on Thursday. Finally, Zacks Research cut Cooper-Standard from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $26.50.
View Our Latest Stock Report on CPS
About Cooper-Standard
(
Get Free Report)
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.
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