Cooper-Standard (NYSE:CPS) Director David John Mastrocola Buys 3,391 Shares of Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) Director David John Mastrocola bought 3,391 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $29.77 per share, for a total transaction of $100,950.07. Following the transaction, the director directly owned 25,000 shares in the company, valued at approximately $744,250. This represents a 15.69% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, March 12th, David John Mastrocola purchased 1,494 shares of Cooper-Standard stock. The stock was acquired at an average cost of $30.25 per share, with a total value of $45,193.50.
• On Wednesday, March 11th, David John Mastrocola acquired 2,000 shares of Cooper-Standard stock. The shares were bought at an average cost 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. The company has a fifty day simple moving average of $34.67 and a 200-day simple moving average of $34.23. The stock has a market cap of $515.85 million, a price-to-earnings ratio of -121.85 and a beta of 1.88. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $47.98.

Cooper-Standard (NYSE:CPS) last announced its quarterly 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 company had revenue of $672.37 million for the quarter, compared to analysts’ expectations of $641.51 million.

Analyst Upgrades and Downgrades

CPS has been the subject of several research reports. Stifel Nicolaus boosted their target price on Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings downgraded Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Citigroup lifted their price target on Cooper-Standard from $35.00 to $43.65 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Finally, Wall Street Zen downgraded Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.33.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in shares of Cooper-Standard during the third quarter worth about $30,000. New York State Teachers Retirement System acquired a new stake in Cooper-Standard during the 3rd quarter worth approximately $57,000. Geneos Wealth Management Inc. grew its stake in shares of Cooper-Standard by 60.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after purchasing an additional 682 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Cooper-Standard by 136.5% in the 2nd 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 during the last quarter. Finally, Abound Wealth Management purchased a new position in shares of Cooper-Standard in the 3rd quarter valued at approximately $116,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

About Cooper-Standard

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.