Cooper-Standard Holdings Inc. (NYSE:CPS – Get Free Report) CFO Jonathan Banas bought 1,000 shares of Cooper-Standard stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average price of $17.25 per share, with a total value of $17,250.00. Following the completion of the acquisition, the chief financial officer owned 68,277 shares in the company, valued at approximately $1,177,778.25. The trade was a 1.49% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Cooper-Standard Stock Up 4.3%
Shares of Cooper-Standard stock opened at $18.70 on Tuesday. The stock has a market capitalization of $332.37 million, a P/E ratio of -4.87 and a beta of 2.03. The stock has a 50 day moving average price of $22.06 and a two-hundred day moving average price of $28.33. Cooper-Standard Holdings Inc. has a 12-month low of $16.91 and a 12-month high of $47.98.
Cooper-Standard (NYSE:CPS – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.85). The firm had revenue of $708.59 million for the quarter, compared to the consensus estimate of $704.13 million. Sell-side analysts anticipate that Cooper-Standard Holdings Inc. will post 0.71 earnings per share for the current year.
Institutional Trading of Cooper-Standard
Several hedge funds and other institutional investors have recently bought and sold shares of CPS. Legal & General Group Plc bought a new position in shares of Cooper-Standard during the 2nd quarter worth about $47,000. State of Wyoming bought a new stake in shares of Cooper-Standard in the second quarter valued at about $127,000. Hsbc Holdings PLC bought a new stake in shares of Cooper-Standard in the second quarter valued at about $205,000. Clear Harbor Asset Management LLC acquired a new stake in Cooper-Standard during the second quarter worth about $253,000. Finally, Quantinno Capital Management LP grew its position in Cooper-Standard by 53.4% during the first quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock worth $342,000 after buying an additional 4,275 shares in the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently commented on CPS shares. Citigroup dropped their target price on shares of Cooper-Standard from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday. Freedom Broker decreased their price target on shares of Cooper-Standard from $45.00 to $27.00 and set a “buy” rating for the company in a report on Monday. Zacks Research cut shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 20th. Stifel Nicolaus lowered their price target on Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Finally, Weiss Ratings upgraded Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 27th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.00.
Read Our Latest Stock Analysis on Cooper-Standard
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.
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