Cooper-Standard Holdings Inc. (NYSE:CPS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

Several other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Jefferies Group LLC restated a “hold” rating and set a $117.00 price objective on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. Bank of America Corporation restated 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. Finally, BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Cooper-Standard Holdings currently has a consensus rating of “Hold” and a consensus target price of $109.67.

Shares of Cooper-Standard Holdings (NYSE CPS) traded up 0.74% during mid-day trading on Wednesday, hitting $101.44. 112,873 shares of the stock were exchanged. The stock has a 50-day moving average price of $102.50 and a 200 day moving average price of $107.20. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 12.78 and a beta of 0.72. Cooper-Standard Holdings has a 52-week low of $82.50 and a 52-week high of $118.59.

Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The business had revenue of $909.10 million during the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 earnings per share. On average, equities research analysts expect that Cooper-Standard Holdings will post $10.65 earnings per share for the current year.

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In related news, major shareholder Silver Point Capital L.P. sold 20,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $110.89, for a total value of $2,217,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Aleksandra A. Miziolek sold 865 shares of the stock in a transaction that occurred on 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 owns 866 shares in the company, valued at approximately $87,466. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 317,698 shares of company stock worth $33,916,693. Corporate insiders own 3.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Teachers Advisors LLC increased its position in shares of Cooper-Standard Holdings by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 24,720 shares of the auto parts company’s stock valued at $2,556,000 after buying an additional 1,076 shares during the period. Capstone Asset Management Co. increased its position in shares of Cooper-Standard Holdings by 6.2% in the first quarter. Capstone Asset Management Co. now owns 5,921 shares of the auto parts company’s stock valued at $657,000 after buying an additional 347 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Cooper-Standard Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the auto parts company’s stock valued at $799,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue increased its position in shares of Cooper-Standard Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,960 shares of the auto parts company’s stock valued at $217,000 after buying an additional 40 shares during the period. Finally, James Investment Research Inc. acquired a new position in shares of Cooper-Standard Holdings during the first quarter valued at $1,959,000. 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.

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Analyst Recommendations for Cooper-Standard Holdings (NYSE:CPS)

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