Massey Quick Simon & CO. LLC acquired a new stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,715 shares of the auto parts company’s stock, valued at approximately $315,000.
Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of 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 worth $222,489,000 after acquiring an additional 129,820 shares in the last quarter. Vanguard Group Inc. grew 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 worth $205,384,000 after purchasing an additional 68,126 shares during the last quarter. Dimensional Fund Advisors LP grew 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 worth $82,224,000 after purchasing an additional 21,750 shares during the last quarter. LSV Asset Management grew 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 worth $80,869,000 after purchasing an additional 43,200 shares during the last quarter. Finally, Alliancebernstein L.P. grew 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 worth $53,149,000 after purchasing an additional 506,102 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.
Shares of Cooper-Standard Holdings Inc. (CPS) traded up $0.07 on Thursday, hitting $122.62. 75,200 shares of the company were exchanged, compared to its average volume of 125,462. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.75 and a quick ratio of 1.52. Cooper-Standard Holdings Inc. has a 12-month low of $94.63 and a 12-month high of $123.28. The stock has a market capitalization of $2,148.40, a price-to-earnings ratio of 11.72, a P/E/G ratio of 2.32 and a beta of 0.74.
Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25). The company had revenue of $869.02 million for 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 company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $2.48 EPS. equities analysts anticipate that Cooper-Standard Holdings Inc. will post 10.75 EPS for the current year.
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Several analysts have recently commented on CPS shares. Zacks Investment Research downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Buckingham Research reduced 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 report on Thursday, October 19th. Roth Capital upped 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 report on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) cut shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research report on Monday, October 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Cooper-Standard Holdings in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $117.17.
In other Cooper-Standard Holdings news, VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the sale, the vice president now owns 63,584 shares of the company’s stock, valued at $6,678,863.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 shares were 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. In the last three months, insiders sold 209,365 shares of company stock valued at $24,273,426. Insiders own 1.10% 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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