Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) CFO Jonathan Banas acquired 1,000 shares of the stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $17.25 per share, for a total transaction of $17,250.00. Following the completion of the transaction, the chief financial officer owned 68,277 shares of the company's stock, valued at $1,177,778.25. This trade represents a 1.49% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Cooper-Standard Trading Up 4.3%
Shares of NYSE CPS opened at $18.70 on Tuesday. The business has a fifty day simple moving average of $22.06 and a 200 day simple moving average of $28.33. The firm has a market capitalization of $332.37 million, a price-to-earnings ratio of -4.87 and a beta of 2.03. Cooper-Standard Holdings Inc. has a one year low of $16.91 and a one year high of $47.98.
Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $704.13 million. On average, research analysts anticipate that Cooper-Standard Holdings Inc. will post 0.71 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of Cooper-Standard by 154.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 55,471 shares of the auto parts company's stock worth $1,156,000 after acquiring an additional 33,664 shares in the last quarter. Tectonic Advisors LLC increased its holdings in Cooper-Standard by 28.6% during the 3rd quarter. Tectonic Advisors LLC now owns 49,957 shares of the auto parts company's stock valued at $1,041,000 after purchasing an additional 11,104 shares in the last quarter. Great Hill Capital LLC increased 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 purchasing an additional 3,342 shares in the last quarter. Squarepoint Ops LLC raised its position in Cooper-Standard by 5.8% in the 2nd quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company's stock valued at $1,953,000 after purchasing an additional 3,942 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in Cooper-Standard in the 2nd quarter valued at $205,000. Institutional investors own 69.11% of the company's stock.
Analyst Ratings Changes
CPS has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Cooper-Standard from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, October 27th. Zacks Research lowered shares of Cooper-Standard from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. Stifel Nicolaus lowered their target price on shares of Cooper-Standard from $53.00 to $32.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Freedom Broker dropped their price target on shares of Cooper-Standard from $45.00 to $27.00 and set a "buy" rating for the company in a research report on Monday. Finally, Citigroup dropped their price target on shares of Cooper-Standard from $25.00 to $19.00 and set a "neutral" rating for the company in a research report on Monday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $26.00.
Read Our Latest Stock Analysis on CPS
About Cooper-Standard
(
Get Free Report)
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.
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