Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $100.66, for a total transaction of $2,013,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Friday, October 7th, Silver Point Capital L.P. sold 35,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $101.33, for a total transaction of $3,546,550.00.
  • On Thursday, October 6th, Silver Point Capital L.P. sold 85,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $101.88, for a total transaction of $8,659,800.00.
  • On Tuesday, October 11th, Silver Point Capital L.P. sold 142,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $101.55, for a total transaction of $14,420,100.00.
  • 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) traded up 0.22% during mid-day trading on Wednesday, reaching $98.55. 90,710 shares of the company traded hands. Cooper-Standard Holdings Inc. has a 52-week low of $62.87 and a 52-week high of $107.94. The stock has a 50-day moving average of $100.99 and a 200 day moving average of $87.76. The stock has a market capitalization of $1.71 billion, a PE ratio of 14.54 and a beta of 0.62.

Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $879.30 million for the quarter, compared to the consensus estimate of $875.98 million. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts expect that Cooper-Standard Holdings Inc. will post $10.18 earnings per share for the current year.

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

Hedge funds have recently made changes to their positions in the stock. Clark Capital Management Group Inc. increased its stake in shares of Cooper-Standard Holdings by 0.4% in the first quarter. Clark Capital Management Group Inc. now owns 8,320 shares of the company’s stock valued at $598,000 after buying an additional 34 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of 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 valued at $2,966,000 after buying an additional 16,770 shares during the period. Renaissance Technologies LLC increased its stake in shares of Cooper-Standard Holdings by 80.6% in the first quarter. Renaissance Technologies LLC now owns 183,600 shares of the company’s stock valued at $13,190,000 after buying an additional 81,946 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of Cooper-Standard Holdings by 399.3% in the first quarter. Kennedy Capital Management Inc. now owns 49,978 shares of the company’s stock valued at $3,590,000 after buying an additional 39,968 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Cooper-Standard Holdings by 131.9% in the first quarter. Goldman Sachs Group Inc. now owns 11,423 shares of the company’s stock valued at $821,000 after buying an additional 6,498 shares during the period. 96.91% of the stock is currently owned by institutional investors.

CPS has been the topic of a number of research reports. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “hold” rating to a “strong-buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, August 3rd. Goldman Sachs Group Inc. initiated coverage on shares of Cooper-Standard Holdings in a research note on Tuesday, June 14th. They issued a “neutral” rating and a $95.00 target price on the stock. Bank of America Corp. lowered shares of Cooper-Standard Holdings from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 21st. Buckingham Research lowered shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and raised their target price for the stock from $101.00 to $105.00 in a research note on Tuesday, September 27th. Finally, Seaport Global Securities started coverage on shares of Cooper-Standard Holdings in a research note on Tuesday, August 9th. They issued a “buy” rating and a $108.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Cooper-Standard Holdings has an average rating of “Hold” and an average price target 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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