Cooper-Standard Holdings Inc. (CPS) Insider Sells $87,365.00 in Stock
Cooper-Standard Holdings Inc. (NYSE:CPS) insider Aleksandra A. Miziolek sold 865 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total transaction of $87,365.00. Following the completion of the transaction, the insider now directly owns 866 shares of the company’s stock, valued at approximately $87,466. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Cooper-Standard Holdings Inc. (NYSE:CPS) traded up 0.41% during mid-day trading on Wednesday, hitting $101.10. 10,342 shares of the stock traded hands. The firm’s 50-day moving average price is $102.50 and its 200-day moving average price is $107.20. Cooper-Standard Holdings Inc. has a 52 week low of $82.50 and a 52 week high of $118.59. The firm has a market cap of $1.79 billion, a P/E ratio of 12.74 and a beta of 0.72.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. The firm had revenue of $909.10 million during the quarter, compared to the consensus estimate of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 EPS. On average, equities analysts forecast that Cooper-Standard Holdings Inc. will post $10.65 earnings per share for the current fiscal year.
Several research firms recently issued reports on CPS. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 25th. ValuEngine raised shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “hold” rating and set a $117.00 price objective on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $85.00 price objective (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $109.67.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Cooper-Standard Holdings by 6.3% in the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock valued at $222,489,000 after buying an additional 129,820 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Cooper-Standard Holdings by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock valued at $205,384,000 after buying an additional 68,126 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cooper-Standard Holdings by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 815,147 shares of the auto parts company’s stock valued at $82,224,000 after buying an additional 21,750 shares during the last quarter. LSV Asset Management boosted its position in shares of Cooper-Standard Holdings by 5.7% in the second quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock valued at $80,869,000 after buying an additional 43,200 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Cooper-Standard Holdings by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after buying an additional 506,102 shares during the last quarter. Institutional investors own 95.33% 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.
Receive News & Ratings for Cooper-Standard Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cooper-Standard Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.