KCG Holdings Inc. bought a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,405 shares of the auto parts company’s stock, valued at approximately $489,000.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Cooper-Standard Holdings by 49,408.2% in the first quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock valued at $230,278,000 after buying an additional 2,071,687 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Cooper-Standard Holdings during the first quarter valued at approximately $719,000. Dimensional Fund Advisors LP raised its position in shares of Cooper-Standard Holdings by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 793,397 shares of the auto parts company’s stock valued at $88,011,000 after buying an additional 62,329 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Cooper-Standard Holdings during the first quarter valued at approximately $1,503,000. Finally, Kennedy Capital Management Inc. increased its stake in shares of Cooper-Standard Holdings by 5.9% in the first quarter. Kennedy Capital Management Inc. now owns 258,189 shares of the auto parts company’s stock valued at $28,641,000 after buying an additional 14,483 shares during the last quarter. Institutional investors own 94.40% of the company’s stock.
Shares of Cooper-Standard Holdings Inc. (NYSE CPS) traded down 3.13% during mid-day trading on Friday, reaching $103.41. 132,816 shares of the company were exchanged. The company’s 50-day moving average is $104.63 and its 200 day moving average is $107.71. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 13.00 and a beta of 0.73. Cooper-Standard Holdings Inc. has a 12 month low of $82.50 and a 12 month high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, May 4th. The auto parts company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.43. Cooper-Standard Holdings had a net margin of 4.27% and a return on equity of 28.80%. The firm had revenue of $902.05 million during the quarter, compared to analyst estimates of $866.38 million. Analysts predict that Cooper-Standard Holdings Inc. will post $10.85 EPS for the current year.
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Several brokerages recently weighed in on CPS. BidaskClub downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Zacks Investment Research downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Bank of America Corporation reissued an “underperform” rating and issued a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $117.00 price objective on shares of Cooper-Standard Holdings in a research report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Cooper-Standard Holdings presently has an average rating of “Hold” and a consensus price target of $109.43.
In other Cooper-Standard Holdings news, Chairman Jeffrey S. Edwards sold 17,540 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $108.47, for a total value of $1,902,563.80. Following the completion of the sale, the chairman now directly owns 67,199 shares of the company’s stock, valued at approximately $7,289,075.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 43,000 shares of the company’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $109.68, for a total transaction of $4,716,240.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 425,533 shares of company stock valued at $45,953,892. Corporate insiders own 3.90% of the company’s stock.
Cooper-Standard Holdings Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.
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