Cooper-Standard Holdings Inc. (NYSE:CPS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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. “

CPS has been the subject of several other research reports. Buckingham Research decreased their target price on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Goldman Sachs Group, Inc. (The) cut shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research report on Monday, October 16th. BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Roth Capital upped their target price on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $117.17.

Cooper-Standard Holdings (NYSE:CPS) traded up $1.42 during midday trading on Friday, reaching $116.94. 133,144 shares of the company’s stock traded hands, compared to its average volume of 134,551. The stock has a market cap of $2.02 billion, a P/E ratio of 11.03 and a beta of 0.74.

Cooper-Standard Holdings (NYSE:CPS) last posted its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.25). Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The firm had revenue of $869.02 million during the quarter, compared to the consensus estimate of $844.14 million. During the same quarter last year, the company posted $2.48 EPS. Cooper-Standard Holdings’s revenue for the quarter was up 1.6% on a year-over-year basis. equities research analysts expect that Cooper-Standard Holdings will post 10.6 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/11/03/cooper-standard-holdings-inc-cps-raised-to-hold-at-zacks-investment-research.html.

In related news, insider Aleksandra A. Miziolek sold 865 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.00, for a total transaction of $87,365.00. Following the completion of the sale, the insider now directly owns 866 shares of the company’s stock, valued at $87,466. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the 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 sale, the vice president now directly owns 63,584 shares of the company’s stock, valued at $6,678,863.36. The disclosure for this sale can be found here. Insiders sold 200,365 shares of company stock valued at $23,185,705 over the last quarter. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Cooper-Standard Holdings by 6.3% during the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock valued at $222,489,000 after purchasing an additional 129,820 shares during the last quarter. Vanguard Group Inc. lifted its stake in Cooper-Standard Holdings by 3.5% during 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 purchasing an additional 68,126 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cooper-Standard Holdings by 2.7% during 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 purchasing an additional 21,750 shares during the last quarter. LSV Asset Management lifted its stake in Cooper-Standard Holdings by 5.7% during the second quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock valued at $80,869,000 after purchasing an additional 43,200 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Cooper-Standard Holdings by 2,433.2% during the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after purchasing an additional 506,102 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Cooper-Standard Holdings (CPS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.