Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 142,000 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $101.55, for a total transaction of $14,420,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, August 11th, Silver Point Capital L.P. sold 339,362 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $95.41, for a total transaction of $32,378,528.42.
  • On Monday, August 1st, Silver Point Capital L.P. sold 570,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $89.30, for a total transaction of $50,901,000.00.

Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 98.33 on Wednesday. The company has a 50 day moving average of $100.92 and a 200 day moving average of $87.68. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.51 and a beta of 0.62. Cooper-Standard Holdings Inc. has a 52 week low of $62.97 and a 52 week high of $107.94.

Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $2.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.24 by $0.61. Cooper-Standard Holdings had a net margin of 3.68% and a return on equity of 31.20%. The business had revenue of $879.30 million for the quarter, compared to analysts’ expectations of $875.98 million. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Cooper-Standard Holdings Inc. will post $10.18 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. purchased a new position in Cooper-Standard Holdings during the second quarter worth $150,000. PNC Financial Services Group Inc. boosted its position in Cooper-Standard Holdings by 8.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the company’s stock worth $158,000 after buying an additional 156 shares during the period. Acrospire Investment Management LLC purchased a new position in Cooper-Standard Holdings during the first quarter worth $146,000. Paradigm Asset Management Co. LLC boosted its position in Cooper-Standard Holdings by 14.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,400 shares of the company’s stock worth $190,000 after buying an additional 300 shares during the period. Finally, Walleye Trading LLC boosted its position in Cooper-Standard Holdings by 38.9% in the second quarter. Walleye Trading LLC now owns 2,500 shares of the company’s stock worth $197,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 96.91% of the company’s stock.

Several research analysts recently issued reports on the stock. Buckingham Research lowered shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and increased their price target for the stock from $101.00 to $105.00 in a research note on Tuesday, September 27th. Roth Capital set a $115.00 price target on shares of Cooper-Standard Holdings and gave the stock a “buy” rating in a research note on Sunday, September 18th. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $99.00 price target (up from $94.00) on shares of Cooper-Standard Holdings in a research note on Saturday. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Seaport Global Securities assumed coverage on shares of Cooper-Standard Holdings in a research note on Tuesday, August 9th. They issued a “buy” rating and a $108.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $102.43.

Cooper-Standard Holdings Company Profile

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.

5 Day Chart for NYSE:CPS

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