Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 30,500 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $117.42, for a total transaction of $3,581,310.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Tuesday, October 3rd, Silver Point Capital L.P. sold 7,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $117.51, for a total transaction of $822,570.00.
  • On Monday, October 2nd, Silver Point Capital L.P. sold 17,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $117.39, for a total transaction of $1,995,630.00.
  • On Thursday, September 28th, Silver Point Capital L.P. sold 25,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $117.04, for a total transaction of $2,926,000.00.
  • On Wednesday, September 27th, Silver Point Capital L.P. sold 30,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $116.30, for a total transaction of $3,489,000.00.
  • On Friday, September 29th, Silver Point Capital L.P. sold 62,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $116.67, for a total transaction of $7,233,540.00.
  • On Monday, July 17th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.46, for a total transaction of $1,735,360.00.
  • On Tuesday, July 18th, Silver Point Capital L.P. sold 26,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.50, for a total transaction of $2,821,000.00.
  • On Thursday, July 13th, Silver Point Capital L.P. sold 100,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.25, for a total transaction of $10,525,000.00.
  • On Wednesday, July 12th, Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.76, for a total transaction of $52,880.00.
  • On Friday, July 14th, Silver Point Capital L.P. sold 110,500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.42, for a total transaction of $11,648,910.00.

Cooper-Standard Holdings Inc. (NYSE:CPS) traded down 0.59% during mid-day trading on Wednesday, reaching $116.72. 74,249 shares of the company were exchanged. The stock’s 50-day moving average is $105.21 and its 200-day moving average is $106.00. Cooper-Standard Holdings Inc. has a 12 month low of $82.50 and a 12 month high of $118.60. The company has a market cap of $2.07 billion, a P/E ratio of 14.70 and a beta of 0.77.

Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (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 return on equity of 26.90% and a net margin of 4.22%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 EPS. Equities analysts expect that Cooper-Standard Holdings Inc. will post $10.70 earnings per share for the current year.

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Several brokerages have recently weighed in on CPS. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. Bank of America Corporation reissued an “underperform” rating and set a $85.00 target price (down previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. BidaskClub downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Finally, ValuEngine downgraded shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Cooper-Standard Holdings presently has a consensus rating of “Hold” and an average target price of $108.60.

Several institutional investors have recently made changes to their positions in the company. Suntrust Banks Inc. lifted its holdings in shares of Cooper-Standard Holdings by 1.7% during the 2nd quarter. Suntrust Banks Inc. now owns 2,889 shares of the auto parts company’s stock valued at $291,000 after buying an additional 49 shares during the last quarter. CS Mckee LP lifted its holdings in shares of 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 buying an additional 50 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of 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 buying an additional 52 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of 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 buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of 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 buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 95.83% 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.

Insider Buying and Selling by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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