Miguel Posada Juan Fernando De Sells 2,289 Shares of Cooper-Standard Holdings Inc (CPS) Stock
Cooper-Standard Holdings Inc (NYSE:CPS) insider Miguel Posada Juan Fernando De sold 2,289 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $110.30, for a total value of $252,476.70. Following the completion of the transaction, the insider now owns 4,689 shares in the company, valued at approximately $517,196.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Cooper-Standard Holdings Inc (NYSE:CPS) traded down 2.04% during trading on Thursday, reaching $107.24. The company’s stock had a trading volume of 99,727 shares. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 13.48 and a beta of 0.70. The firm has a 50 day moving average of $108.42 and a 200 day moving average of $104.91. Cooper-Standard Holdings Inc has a 52 week low of $74.33 and a 52 week high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last issued its earnings results on Thursday, May 4th. The auto parts company reported $2.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.43. Cooper-Standard Holdings had a net margin of 3.75% and a return on equity of 30.67%. The firm had revenue of $902.05 million for the quarter, compared to analysts’ expectations of $866.38 million. Analysts expect that Cooper-Standard Holdings Inc will post $10.91 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cooper-Standard Holdings by 3,322.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,713 shares of the auto parts company’s stock worth $1,058,000 after buying an additional 10,400 shares in the last quarter. G2 Investment Partners Management LLC acquired a new position in shares of Cooper-Standard Holdings during the third quarter worth about $1,478,000. Principal Financial Group Inc. boosted its position in shares of Cooper-Standard Holdings by 3,378.2% in the third quarter. Principal Financial Group Inc. now owns 130,779 shares of the auto parts company’s stock worth $12,921,000 after buying an additional 127,019 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Cooper-Standard Holdings by 2.8% in the third quarter. Suntrust Banks Inc. now owns 2,950 shares of the auto parts company’s stock worth $290,000 after buying an additional 79 shares in the last quarter. Finally, American International Group Inc. boosted its position in shares of Cooper-Standard Holdings by 12.9% in the third quarter. American International Group Inc. now owns 24,000 shares of the auto parts company’s stock worth $2,371,000 after buying an additional 2,746 shares in the last quarter. 98.47% of the stock is currently owned by hedge funds and other institutional investors.
CPS has been the topic of several recent research reports. Jefferies Group LLC boosted their price target on Cooper-Standard Holdings from $109.00 to $117.00 and gave the company a “hold” rating in a research report on Tuesday, February 21st. Zacks Investment Research upgraded Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Cooper-Standard Holdings has a consensus rating of “Hold” and an average price target of $113.50.
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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