Key Points
- Director David John Mastrocola bought shares March 11–13, acquiring a total of 6,885 shares (including a 1,494-share purchase on March 12 for $45,193.50), spending roughly $208,144 and increasing his holdings to 21,609 shares.
- Earnings miss and market reaction: Cooper-Standard reported a larger-than-expected quarterly EPS loss of ($1.73) versus an estimate of ($0.95) despite revenue beating estimates, and the stock is down about 3.5% trading near $29 with a consensus analyst rating of "Hold" and an average target of $43.33.
Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) Director David John Mastrocola acquired 1,494 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $30.25 per share, for a total transaction of $45,193.50. Following the transaction, the director directly owned 21,609 shares of the company's stock, valued at approximately $653,672.25. This trade represents a 7.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
David John Mastrocola also recently made the following trade(s):
- On Friday, March 13th, David John Mastrocola acquired 3,391 shares of Cooper-Standard stock. The stock was acquired at an average price of $29.77 per share, with a total value of $100,950.07.
- On Wednesday, March 11th, David John Mastrocola purchased 2,000 shares of Cooper-Standard stock. The stock was bought at an average price of $31.00 per share, for a total transaction of $62,000.00.
Cooper-Standard Trading Down 3.5%
Shares of Cooper-Standard stock opened at $29.24 on Friday. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $47.98. The company has a market cap of $515.85 million, a P/E ratio of -121.85 and a beta of 1.88. The company's fifty day simple moving average is $34.67 and its two-hundred day simple moving average is $34.23.
Cooper-Standard (NYSE:CPS - Get Free Report) last posted its earnings results on Friday, February 13th. The auto parts company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The firm had revenue of $672.37 million for the quarter, compared to analysts' expectations of $641.51 million.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in Cooper-Standard during the third quarter worth about $30,000. Geneos Wealth Management Inc. grew its holdings in Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company's stock worth $39,000 after purchasing an additional 682 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Cooper-Standard by 136.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company's stock valued at $53,000 after purchasing an additional 1,432 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Cooper-Standard during the third quarter valued at approximately $57,000. Finally, Abound Wealth Management purchased a new position in shares of Cooper-Standard during the third quarter valued at approximately $116,000. 69.11% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CPS has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, December 16th. Citigroup upped their target price on Cooper-Standard from $35.00 to $43.65 and gave the stock a "neutral" rating in a report on Wednesday, February 18th. Wall Street Zen lowered Cooper-Standard from a "buy" rating to a "hold" rating in a research report on Sunday, February 22nd. Weiss Ratings cut Cooper-Standard from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, February 9th. Finally, Zacks Research upgraded Cooper-Standard from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $43.33.
Get Our Latest Stock Report on CPS
About Cooper-Standard
(
Get Free Report)
Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.
Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.
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