Massey Quick Simon & CO. LLC acquired a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,715 shares of the auto parts company’s stock, valued at approximately $315,000.
A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its position in Cooper-Standard Holdings by 6.3% during the 2nd quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock valued at $222,489,000 after purchasing an additional 129,820 shares during the period. Vanguard Group Inc. increased its position in Cooper-Standard Holdings by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock valued at $205,384,000 after purchasing an additional 68,126 shares during the period. Dimensional Fund Advisors LP increased its position in Cooper-Standard Holdings by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 815,147 shares of the auto parts company’s stock valued at $82,224,000 after purchasing an additional 21,750 shares during the period. LSV Asset Management increased its position in Cooper-Standard Holdings by 5.7% during the 2nd quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock valued at $80,869,000 after purchasing an additional 43,200 shares during the period. Finally, Alliancebernstein L.P. increased its position in 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 valued at $53,149,000 after purchasing an additional 506,102 shares during the period. 95.50% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on CPS shares. Zacks Investment Research downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) downgraded shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a research report on Monday, October 16th. Buckingham Research reduced their target price on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. Finally, Roth Capital upped their target price on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One 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 a consensus rating of “Hold” and an average target price of $117.17.
Cooper-Standard Holdings Inc. (NYSE CPS) traded down $0.30 during trading hours on Tuesday, hitting $119.82. 122,400 shares of the stock were exchanged, compared to its average volume of 125,462. The stock has a market cap of $2,100.00, a P/E ratio of 11.48, a PEG ratio of 2.27 and a beta of 0.81. 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 Inc. has a 12-month low of $88.09 and a 12-month high of $120.99.
Cooper-Standard Holdings (NYSE:CPS) last released 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 during the quarter, compared to analysts’ expectations of $844.14 million. Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.48 earnings per share. analysts expect that Cooper-Standard Holdings Inc. will post 10.75 EPS for the current fiscal year.
In related news, major shareholder Silver Point Capital L.P. sold 62,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $116.67, for a total transaction of $7,233,540.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Miguel Posada Juan Fernando De sold 3,028 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $119.38, for a total transaction of $361,482.64. Following the sale, the insider now directly owns 16,389 shares in the company, valued at $1,956,518.82. The disclosure for this sale can be found here. Insiders sold a total of 202,528 shares of company stock worth $23,459,823 over the last ninety days. 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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