Cooper-Standard (NYSE:CPS) Director Acquires $62,000.00 in Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) Director David John Mastrocola acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of $31.00 per share, for a total transaction of $62,000.00. Following the acquisition, the director directly owned 20,115 shares of the company’s stock, valued at approximately $623,565. The trade was a 11.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David John Mastrocola also recently made the following trade(s):

• On Friday, March 13th, David John Mastrocola bought 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 Thursday, March 12th, David John Mastrocola bought 1,494 shares of Cooper-Standard stock. The shares were acquired at an average price of $30.25 per share, for a total transaction of $45,193.50.

Cooper-Standard Price Performance

NYSE:CPS traded down $1.05 during mid-day trading on Friday, reaching $29.24. The company’s stock had a trading volume of 220,566 shares, compared to its average volume of 290,232. The stock 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 Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $47.98.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Friday, February 13th. The auto parts company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78). The firm had revenue of $672.37 million for the quarter, compared to the consensus estimate of $641.51 million.

Institutional Investors Weigh In On Cooper-Standard

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in shares of Cooper-Standard in the third quarter worth $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after acquiring an additional 682 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 1,432 shares during the period. New York State Teachers Retirement System purchased a new stake in Cooper-Standard during the 3rd quarter worth $57,000. Finally, Abound Wealth Management acquired a new stake in Cooper-Standard in the 3rd quarter valued at $116,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings cut shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Citigroup lifted their target price on Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Finally, Zacks Research raised 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 issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.33.

Cooper-Standard Company Profile

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.