Zacks Investment Research cut shares of Cooper-Standard Holdings Inc. (NYSE:CPS) from a buy rating to a hold rating in a report released on Tuesday, October 17th.
According to Zacks, “Cooper-Standard Holdings Inc. operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. The company markets its products directly to automotive original equipment manufacturers, tier I and tier II suppliers, and non-automotive manufacturers. Cooper-Standard Holdings Inc. is headquartered in Novi, Michigan. “
CPS has been the subject of a number of other research reports. BidaskClub downgraded shares of Cooper-Standard Holdings from a hold rating to a sell rating in a research report on Wednesday, June 21st. ValuEngine downgraded shares of Cooper-Standard Holdings from a strong-buy rating to a buy rating in a research report on Tuesday, June 20th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Cooper-Standard Holdings from a buy rating to a neutral rating and set a $113.00 price objective for the company. in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $117.17.
Shares of Cooper-Standard Holdings (CPS) traded down $0.81 on Tuesday, reaching $116.13. The company’s stock had a trading volume of 72,123 shares, compared to its average volume of 136,645. Cooper-Standard Holdings has a one year low of $82.50 and a one year high of $118.60. The firm has a market capitalization of $2,050.05, a price-to-earnings ratio of 11.18, a P/E/G ratio of 2.27 and a beta of 0.74. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.75.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). Cooper-Standard Holdings had a net margin of 3.88% and a return on equity of 24.99%. The firm had revenue of $869.02 million during the quarter, compared to the consensus estimate of $844.14 million. During the same period last year, the business earned $2.48 EPS. The business’s revenue was up 1.6% on a year-over-year basis. analysts anticipate that Cooper-Standard Holdings will post 10.7 earnings per share for the current fiscal year.
In other Cooper-Standard Holdings news, insider Aleksandra A. Miziolek sold 865 shares of Cooper-Standard Holdings stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $101.00, for a total value of $87,365.00. Following the completion of the sale, the insider now owns 866 shares in the company, valued at approximately $87,466. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard Holdings stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the completion of the sale, the vice president now owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The disclosure for this sale can be found here. Insiders have sold a total of 200,365 shares of company stock valued at $23,185,705 in the last ninety days. 1.10% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Cooper-Standard Holdings by 64.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 7,772 shares of the auto parts company’s stock valued at $901,000 after buying an additional 3,040 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Cooper-Standard Holdings by 29.9% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the auto parts company’s stock valued at $902,000 after buying an additional 1,790 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Cooper-Standard Holdings by 36.6% in the 3rd quarter. New York State Common Retirement Fund now owns 28,450 shares of the auto parts company’s stock valued at $3,299,000 after buying an additional 7,630 shares in the last quarter. Sei Investments Co. raised its position in shares of Cooper-Standard Holdings by 12.4% in the 3rd quarter. Sei Investments Co. now owns 61,202 shares of the auto parts company’s stock valued at $7,097,000 after buying an additional 6,769 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Cooper-Standard Holdings by 35.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,091 shares of the auto parts company’s stock valued at $1,054,000 after buying an additional 2,390 shares in the last quarter. Institutional investors own 95.68% of the company’s stock.
About Cooper-Standard Holdings
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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