Cooper-Standard Holdings Inc (NYSE:CPS) SVP Song Min Lee sold 911 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $110.70, for a total value of $100,847.70. Following the completion of the sale, the senior vice president now directly owns 15,000 shares of the company’s stock, valued at $1,660,500. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Cooper-Standard Holdings Inc (NYSE:CPS) traded down 0.05% on Friday, reaching $107.19. The company’s stock had a trading volume of 110,530 shares. The firm has a 50 day moving average of $108.35 and a 200 day moving average of $104.93. Cooper-Standard Holdings Inc has a 12 month low of $74.33 and a 12 month high of $118.59. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 13.47 and a beta of 0.70.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, May 4th. The auto parts company reported $2.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.52 by $0.43. The company had revenue of $902.05 million for the quarter, compared to the consensus estimate of $866.38 million. Cooper-Standard Holdings had a return on equity of 30.67% and a net margin of 3.75%. Analysts anticipate that Cooper-Standard Holdings Inc will post $10.91 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in CPS. Bank of Nova Scotia acquired a new position in shares of Cooper-Standard Holdings during the first quarter valued at approximately $5,547,000. Credit Suisse AG increased its position in shares of Cooper-Standard Holdings by 36.2% in the first quarter. Credit Suisse AG now owns 40,011 shares of the auto parts company’s stock valued at $4,439,000 after buying an additional 10,642 shares during the last quarter. Paloma Partners Management Co increased its position in shares of Cooper-Standard Holdings by 98.5% in the first quarter. Paloma Partners Management Co now owns 13,494 shares of the auto parts company’s stock valued at $1,497,000 after buying an additional 6,697 shares during the last quarter. Gotham Asset Management LLC increased its position in shares of Cooper-Standard Holdings by 48.6% in the first quarter. Gotham Asset Management LLC now owns 128,682 shares of the auto parts company’s stock valued at $14,275,000 after buying an additional 42,098 shares during the last quarter. Finally, State Street Corp increased its position in shares of Cooper-Standard Holdings by 6.8% in the first quarter. State Street Corp now owns 367,436 shares of the auto parts company’s stock valued at $40,757,000 after buying an additional 23,335 shares during the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.
Several equities research analysts have issued reports on the company. Jefferies Group LLC raised their price target on Cooper-Standard Holdings from $109.00 to $117.00 and gave the company a “hold” rating in a report on Tuesday, February 21st. Zacks Investment Research downgraded Cooper-Standard Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Cooper-Standard Holdings presently has a consensus rating of “Hold” and a consensus price target of $113.50.
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.
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