Cooper-Standard Holdings Inc. (NYSE:CPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, November 3rd.
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. Buckingham Research decreased their price objective on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Goldman Sachs Group, Inc. (The) lowered 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 note on Monday, October 16th. BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Roth Capital raised their price objective on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $117.17.
Cooper-Standard Holdings (CPS) traded down $1.81 during midday trading on Friday, hitting $117.36. 115,100 shares of the company were exchanged, compared to its average volume of 125,203. The firm has a market capitalization of $2,089.15, a price-to-earnings ratio of 11.39, a PEG ratio of 2.26 and a beta of 0.74. Cooper-Standard Holdings has a fifty-two week low of $90.39 and a fifty-two week high of $120.99. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 0.86.
Cooper-Standard Holdings (NYSE:CPS) last issued its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.36 by ($0.25). The business had revenue of $869.02 million for the quarter, compared to the consensus estimate of $844.14 million. Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.48 earnings per share. analysts forecast that Cooper-Standard Holdings will post 10.75 EPS for the current year.
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In related news, insider Miguel Posada Juan Fernando De sold 3,028 shares of Cooper-Standard Holdings stock in a transaction on Friday, November 10th. The shares were sold at an average price of $119.38, for a total value of $361,482.64. Following the transaction, the insider now owns 16,389 shares in the company, valued at approximately $1,956,518.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 62,000 shares of Cooper-Standard Holdings stock in a transaction on Friday, September 29th. The stock was sold at an average price of $116.67, for a total transaction of $7,233,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 202,528 shares of company stock worth $23,459,823 in the last 90 days. 1.10% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of CPS. BlackRock Inc. increased its holdings in shares of Cooper-Standard Holdings by 49,408.2% during the 1st quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock worth $230,278,000 after purchasing an additional 2,071,687 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Cooper-Standard Holdings by 2,433.2% during the 2nd quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock worth $53,149,000 after purchasing an additional 506,102 shares during the period. Vanguard Group Inc. increased its holdings in shares of Cooper-Standard Holdings by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock worth $218,311,000 after purchasing an additional 129,224 shares during the period. Granite Investment Partners LLC bought a new position in shares of Cooper-Standard Holdings during the 3rd quarter worth about $11,413,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Cooper-Standard Holdings by 23.6% during the 2nd quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock worth $41,881,000 after purchasing an additional 79,200 shares during the period. Institutional investors own 95.50% 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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