Cooper-Standard Holdings Inc. (CPS) VP Sells $1,470,560.00 in Stock
Cooper-Standard Holdings Inc. (NYSE:CPS) VP Keith Dwayne Stephenson sold 14,000 shares of the company’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 completion of the sale, the vice president now owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Cooper-Standard Holdings Inc. (NYSE:CPS) traded up 0.66% during midday trading on Friday, reaching $105.85. 69,699 shares of the company’s stock traded hands. The company has a market cap of $1.88 billion, a P/E ratio of 13.33 and a beta of 0.73. The stock has a 50-day moving average of $101.10 and a 200 day moving average of $106.12. Cooper-Standard Holdings Inc. has a 52-week low of $82.50 and a 52-week high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. The business 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 company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 EPS. On average, analysts anticipate that Cooper-Standard Holdings Inc. will post $10.70 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Cooper-Standard Holdings Inc. (CPS) VP Sells $1,470,560.00 in Stock” was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/09/15/cooper-standard-holdings-inc-cps-vp-sells-1470560-00-in-stock.html.
Several hedge funds have recently made changes to their positions in CPS. Suntrust Banks Inc. lifted its holdings in shares of Cooper-Standard Holdings by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 2,889 shares of the auto parts company’s stock worth $291,000 after purchasing an additional 49 shares in the last quarter. CS Mckee LP lifted its stake in Cooper-Standard Holdings by 0.4% during the 2nd quarter. CS Mckee LP now owns 13,550 shares of the auto parts company’s stock valued at $1,367,000 after acquiring an additional 50 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Cooper-Standard Holdings by 1.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,863 shares of the auto parts company’s stock valued at $390,000 after acquiring an additional 52 shares in the last quarter. Arizona State Retirement System lifted its stake in Cooper-Standard Holdings by 1.1% during the 1st quarter. Arizona State Retirement System now owns 9,200 shares of the auto parts company’s stock valued at $1,021,000 after acquiring an additional 100 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Cooper-Standard Holdings by 1.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,640 shares of the auto parts company’s stock valued at $737,000 after acquiring an additional 100 shares in the last quarter. 95.83% of the stock is owned by institutional investors.
A number of research firms have issued reports on CPS. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Bank of America Corporation restated an “underperform” rating and set a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. BidaskClub lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, ValuEngine lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $109.67.
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.