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 topic of several other research reports. Jefferies Group decreased their price objective on Cooper-Standard Holdings from $105.00 to $96.00 and set a buy rating on the stock in a report on Monday, August 1st. Roth Capital set a $115.00 price target on Cooper-Standard Holdings and gave the company a buy rating in a research note on Sunday, September 18th. Seaport Global Securities initiated coverage on Cooper-Standard Holdings in a research note on Tuesday, August 9th. They issued a buy rating and a $108.00 price target on the stock. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a $99.00 price target (up previously from $94.00) on shares of Cooper-Standard Holdings in a research note on Saturday. Finally, Buckingham Research lowered Cooper-Standard Holdings from a buy rating to a neutral rating and boosted their price target for the company from $101.00 to $105.00 in a research note on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $102.43.
Shares of Cooper-Standard Holdings (NYSE:CPS) traded down 0.910% on Monday, hitting $99.585. The stock had a trading volume of 24,509 shares. Cooper-Standard Holdings has a 52 week low of $62.97 and a 52 week high of $107.94. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 14.697 and a beta of 0.62. The firm has a 50 day moving average price of $100.91 and a 200-day moving average price of $87.61.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $2.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.24 by $0.61. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The company had revenue of $879.30 million for the quarter, compared to analyst estimates of $875.98 million. The company’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Cooper-Standard Holdings will post $10.18 EPS for the current year.
In other news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $87.01, for a total transaction of $62,253,305.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 570,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $89.30, for a total value of $50,901,000.00. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in CPS. Kennedy Capital Management Inc. increased its stake in Cooper-Standard Holdings by 399.3% in the first quarter. Kennedy Capital Management Inc. now owns 49,978 shares of the company’s stock worth $3,590,000 after buying an additional 39,968 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Cooper-Standard Holdings by 68.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 41,280 shares of the company’s stock worth $2,966,000 after buying an additional 16,770 shares during the last quarter. Zebra Capital Management LLC increased its stake in Cooper-Standard Holdings by 30.4% in the first quarter. Zebra Capital Management LLC now owns 26,153 shares of the company’s stock worth $1,879,000 after buying an additional 6,104 shares during the last quarter. BlackRock Group LTD increased its stake in Cooper-Standard Holdings by 72.2% in the first quarter. BlackRock Group LTD now owns 11,770 shares of the company’s stock worth $846,000 after buying an additional 4,934 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Cooper-Standard Holdings by 112.9% in the first quarter. Prudential Financial Inc. now owns 48,214 shares of the company’s stock worth $3,463,000 after buying an additional 25,564 shares during the last quarter. Institutional investors own 96.91% of the company’s stock.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
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