Jonathan Banas Buys 500 Shares of Cooper-Standard (NYSE:CPS) Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) CFO Jonathan Banas bought 500 shares of the stock in a transaction dated Monday, November 3rd. The stock was purchased at an average cost of $29.95 per share, for a total transaction of $14,975.00. Following the acquisition, the chief financial officer owned 53,427 shares of the company’s stock, valued at approximately $1,600,138.65. This represents a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Cooper-Standard Stock Performance

CPS stock traded up $0.97 during trading on Wednesday, reaching $29.05. 191,620 shares of the company were exchanged, compared to its average volume of 271,170. The company has a market cap of $512.24 million, a P/E ratio of 17.97 and a beta of 2.63. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $40.67. The stock’s 50 day moving average price is $36.19 and its 200 day moving average price is $27.76.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Thursday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The company had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $698.83 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

CPS has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Cooper-Standard from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded shares of Cooper-Standard from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Cooper-Standard in a report on Wednesday, October 8th. Finally, Stifel Nicolaus boosted their target price on shares of Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.50.

Institutional Investors Weigh In On Cooper-Standard

Several institutional investors have recently bought and sold shares of CPS. Empowered Funds LLC purchased a new stake in Cooper-Standard during the second quarter worth approximately $3,798,000. Millennium Management LLC grew its stake in Cooper-Standard by 89.9% during the first quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock worth $4,765,000 after buying an additional 147,209 shares during the period. AQR Capital Management LLC boosted its stake in shares of Cooper-Standard by 1,345.8% in the first quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company’s stock valued at $2,321,000 after purchasing an additional 141,049 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Cooper-Standard in the second quarter valued at $1,686,000. Finally, Walleye Capital LLC purchased a new position in shares of Cooper-Standard in the first quarter valued at $1,093,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

About Cooper-Standard

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.