Ameriprise Financial Inc. Sells 25,994 Shares of Cooper-Standard Holdings Inc. (CPS)
Ameriprise Financial Inc. trimmed its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 426,531 shares of the auto parts company’s stock after selling 25,994 shares during the quarter. Ameriprise Financial Inc. owned 2.39% of Cooper-Standard Holdings worth $43,025,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in Cooper-Standard Holdings during the first quarter valued at approximately $142,000. Riverhead Capital Management LLC boosted its holdings in Cooper-Standard Holdings by 79.0% during the second quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after purchasing an additional 632 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Cooper-Standard Holdings during the second quarter valued at approximately $146,000. Victory Capital Management Inc. boosted its holdings in Cooper-Standard Holdings by 15.9% during the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after purchasing an additional 222 shares in the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in Cooper-Standard Holdings during the second quarter valued at approximately $203,000. 95.83% of the stock is currently owned by institutional investors.
In other Cooper-Standard Holdings news, major shareholder Silver Point Capital L.P. sold 500 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $105.76, for a total transaction of $52,880.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Aleksandra A. Miziolek sold 865 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total transaction of $87,365.00. Following the transaction, the insider now owns 866 shares in the company, valued at approximately $87,466. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 267,865 shares of company stock worth $28,341,075. Company insiders own 1.10% of the company’s stock.
Shares of Cooper-Standard Holdings Inc. (CPS) opened at 110.04 on Friday. Cooper-Standard Holdings Inc. has a 12-month low of $82.50 and a 12-month high of $118.59. The firm has a market capitalization of $1.95 billion, a P/E ratio of 13.86 and a beta of 0.73. The firm’s 50-day moving average price is $101.45 and its 200-day moving average price is $105.90.
Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The firm had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. During the same quarter in the prior year, the business posted $2.85 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that Cooper-Standard Holdings Inc. will post $10.70 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on CPS shares. ValuEngine downgraded Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Cooper-Standard Holdings has an average rating of “Hold” and an average price target of $108.60.
Cooper-Standard Holdings 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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