Pacad Investment Ltd. lessened its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 14.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the auto parts company’s stock after selling 600 shares during the quarter. Pacad Investment Ltd.’s holdings in Cooper-Standard Holdings were worth $363,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CPS. Flinton Capital Management LLC lifted its holdings in shares of Cooper-Standard Holdings by 13.8% in the first quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 112 shares in the last quarter. Neuburgh Advisers LLC lifted its holdings in shares of Cooper-Standard Holdings by 13.8% in the first quarter. Neuburgh Advisers LLC now owns 1,122 shares of the auto parts company’s stock valued at $125,000 after purchasing an additional 136 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Cooper-Standard Holdings in the first quarter valued at approximately $142,000. First Mercantile Trust Co. bought a new position in shares of Cooper-Standard Holdings in the second quarter valued at approximately $146,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Cooper-Standard Holdings by 15.9% in the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 95.83% of the company’s stock.
CPS has been the topic of a number of recent research reports. ValuEngine upgraded Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Bank of America Corporation reiterated an “underperform” rating and set a $85.00 price target (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. BidaskClub lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $108.60.
Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 110.04 on Friday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 13.86 and a beta of 0.73. The firm has a 50-day moving average price of $101.45 and a 200-day moving average price of $105.90. Cooper-Standard Holdings Inc. has a 52-week low of $82.50 and a 52-week high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 EPS. On average, analysts predict that Cooper-Standard Holdings Inc. will post $10.70 EPS for the current year.
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In related news, major shareholder Silver Point Capital L.P. sold 500 shares of the firm’s stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $105.76, for a total value of $52,880.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total value of $1,470,560.00. Following the completion of the transaction, the vice president now directly owns 63,584 shares in the company, valued at $6,678,863.36. The disclosure for this sale can be found here. Insiders have sold a total of 267,865 shares of company stock worth $28,341,075 over the last three months. Insiders own 1.10% 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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