Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 85,000 shares of Cooper-Standard Holdings stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $101.88, for a total value of $8,659,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large 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 Monday, October 10th, Silver Point Capital L.P. sold 20,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $100.66, for a total value of $2,013,200.00.
  • On Friday, October 7th, Silver Point Capital L.P. sold 35,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $101.33, for a total value of $3,546,550.00.
  • On Tuesday, October 11th, Silver Point Capital L.P. sold 142,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $101.55, for a total value of $14,420,100.00.
  • On Thursday, August 11th, Silver Point Capital L.P. sold 339,362 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $95.41, for a total value of $32,378,528.42.
  • On Monday, August 1st, Silver Point Capital L.P. sold 570,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $89.30, for a total value of $50,901,000.00.

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 98.55 on Thursday. The firm has a 50-day moving average price of $100.99 and a 200-day moving average price of $87.76. Cooper-Standard Holdings Inc. has a one year low of $62.87 and a one year high of $107.94. The company has a market capitalization of $1.71 billion, a P/E ratio of 14.54 and a beta of 0.62.

Cooper-Standard Holdings (NYSE:CPS) last issued its earnings results on Thursday, July 28th. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.61. The company earned $879.30 million during the quarter, compared to analysts’ expectations of $875.98 million. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast 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)

A number of research firms recently commented on CPS. Zacks Investment Research lowered Cooper-Standard Holdings from a “strong-buy” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $99.00 price objective (up from $94.00) on shares of Cooper-Standard Holdings in a research note on Saturday, October 8th. Buckingham Research lowered Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $101.00 to $105.00 in a research note on Tuesday, September 27th. Roth Capital set a $115.00 price objective on Cooper-Standard Holdings and gave the stock a “buy” rating in a research note on Sunday, September 18th. Finally, Seaport Global Securities began coverage on Cooper-Standard Holdings in a research note on Tuesday, August 9th. They issued a “buy” rating and a $108.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.43.

A number of large investors have recently modified their holdings of the stock. Creative Planning boosted its stake in shares of Cooper-Standard Holdings by 37.8% in the third quarter. Creative Planning now owns 1,257 shares of the company’s stock valued at $124,000 after buying an additional 345 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Cooper-Standard Holdings during the first quarter valued at $146,000. Pacad Investment Ltd. bought a new stake in shares of Cooper-Standard Holdings during the second quarter valued at $150,000. PNC Financial Services Group Inc. boosted its stake in shares of 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 valued at $158,000 after buying an additional 156 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its stake in shares of 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 valued at $190,000 after buying an additional 300 shares in 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.

5 Day Chart for NYSE:CPS

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