Cooper-Standard Holdings Inc. (CPS) Cut to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Cooper-Standard Holdings Inc. (NYSE:CPS) from a buy rating to a hold rating in a research report report published on Tuesday.
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. “
Other analysts have also recently issued research reports about the stock. ValuEngine cut shares of Cooper-Standard Holdings from a strong-buy rating to a buy rating in a research note on Tuesday, June 20th. BidaskClub raised shares of Cooper-Standard Holdings from a sell rating to a hold rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Cooper-Standard Holdings from a buy rating to a neutral rating and set a $113.00 target price on the stock. in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $114.60.
Shares of Cooper-Standard Holdings (NYSE:CPS) traded up 1.50% during trading on Tuesday, reaching $112.04. 64,741 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $109.98 and a 200-day moving average price of $106.32. Cooper-Standard Holdings has a 52-week low of $82.50 and a 52-week high of $118.60. The company has a market capitalization of $1.99 billion, a PE ratio of 14.11 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last posted its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. The business had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 earnings per share. On average, equities analysts forecast that Cooper-Standard Holdings will post $10.63 earnings per share for the current year.
In other Cooper-Standard Holdings news, VP Keith Dwayne Stephenson sold 14,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $105.04, for a total value of $1,470,560.00. Following the transaction, the vice president now directly owns 63,584 shares in the company, valued at $6,678,863.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Silver Point Capital L.P. sold 3,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $117.01, for a total transaction of $351,030.00. The disclosure for this sale can be found here. In the last three months, insiders sold 189,365 shares of company stock worth $21,957,005. 1.10% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in CPS. BlackRock Inc. boosted its position in Cooper-Standard Holdings by 49,408.2% in the first quarter. BlackRock Inc. now owns 2,075,880 shares of the auto parts company’s stock valued at $230,278,000 after buying an additional 2,071,687 shares in the last quarter. Alliancebernstein L.P. boosted its position in Cooper-Standard Holdings by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after buying an additional 506,102 shares in the last quarter. Vanguard Group Inc. boosted its position in Cooper-Standard Holdings by 7.0% in the first quarter. Vanguard Group Inc. now owns 1,968,004 shares of the auto parts company’s stock valued at $218,311,000 after buying an additional 129,224 shares in the last quarter. Renaissance Technologies LLC boosted its position in Cooper-Standard Holdings by 23.6% in the second quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock valued at $41,881,000 after buying an additional 79,200 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Cooper-Standard Holdings by 713.4% in the second quarter. Acadian Asset Management LLC now owns 80,533 shares of the auto parts company’s stock valued at $8,123,000 after buying an additional 70,632 shares in the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Cooper-Standard Holdings Company 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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