Cooper-Standard (NYSE:CPS) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Cooper-Standard Holdings Inc. (NYSE:CPS) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $29.62 and traded as high as $31.37. Cooper-Standard shares last traded at $31.0930, with a volume of 142,586 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CPS shares. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cooper-Standard in a research note on Friday, May 22nd. Wall Street Zen cut Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Citigroup increased their price objective on Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, Stifel Nicolaus reduced their price objective on Cooper-Standard to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.33.

Cooper-Standard Stock Up 3.4%

The stock has a market cap of $552.06 million, a PE ratio of -14.26 and a beta of 1.97. The firm has a fifty day moving average of $29.62 and a 200 day moving average of $31.94.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Thursday, May 7th. The auto parts company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The company had revenue of $686.36 million during the quarter, compared to analysts’ expectations of $660.00 million. On average, equities research analysts forecast that Cooper-Standard Holdings Inc. will post 3.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Cooper-Standard news, Director David John Mastrocola bought 3,391 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $29.77 per share, with a total value of $100,950.07. Following the completion of the acquisition, the director directly owned 25,000 shares of the company’s stock, valued at $744,250. This represents a 15.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 6,885 shares of company stock valued at $208,144 over the last 90 days. Corporate insiders own 9.20% of the company’s stock.

Hedge Funds Weigh In On Cooper-Standard

Several large investors have recently bought and sold shares of the business. Quantinno Capital Management LP increased its holdings in Cooper-Standard by 53.4% in the first quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock valued at $342,000 after buying an additional 4,275 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Cooper-Standard by 60.9% in the first quarter. Public Employees Retirement System of Ohio now owns 19,981 shares of the auto parts company’s stock valued at $557,000 after buying an additional 7,566 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Cooper-Standard by 15.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 310,798 shares of the auto parts company’s stock worth $8,662,000 after purchasing an additional 41,797 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Cooper-Standard by 200.8% during the first quarter. Sei Investments Co. now owns 35,113 shares of the auto parts company’s stock worth $979,000 after purchasing an additional 23,440 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Cooper-Standard by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 408,205 shares of the auto parts company’s stock worth $11,376,000 after purchasing an additional 23,620 shares during the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

About Cooper-Standard

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.