Miguel Posada Juan Fernando De Sells 3,028 Shares of Cooper-Standard Holdings Inc. (CPS) Stock
Cooper-Standard Holdings Inc. (NYSE:CPS) insider Miguel Posada Juan Fernando De sold 3,028 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.38, for a total transaction of $361,482.64. Following the transaction, the insider now owns 16,389 shares of the company’s stock, valued at approximately $1,956,518.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Cooper-Standard Holdings Inc. (CPS) traded up $0.35 during midday trading on Monday, reaching $120.12. 119,600 shares of the company’s stock traded hands, compared to its average volume of 125,476. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. Cooper-Standard Holdings Inc. has a 12 month low of $87.10 and a 12 month high of $120.64. The firm has a market cap of $2,105.80, a PE ratio of 11.48, a PEG ratio of 2.27 and a beta of 0.74.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.25). The company had revenue of $869.02 million for the quarter, compared to analysts’ expectations of $844.14 million. Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.48 EPS. sell-side analysts predict that Cooper-Standard Holdings Inc. will post 10.75 earnings per share for the current year.
CPS has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Roth Capital boosted their price target on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) cut shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a report on Monday, October 16th. Finally, Buckingham Research lowered their price target on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Cooper-Standard Holdings presently has a consensus rating of “Hold” and a consensus target price of $117.17.
Several large investors have recently modified their holdings of CPS. Teachers Advisors LLC lifted its position in shares of Cooper-Standard Holdings by 5.1% during the 1st quarter. Teachers Advisors LLC now owns 25,989 shares of the auto parts company’s stock worth $2,883,000 after buying an additional 1,269 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Cooper-Standard Holdings by 16.0% during the 1st quarter. California Public Employees Retirement System now owns 13,800 shares of the auto parts company’s stock worth $1,531,000 after buying an additional 1,900 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Cooper-Standard Holdings by 30.1% during the 1st quarter. Bank of America Corp DE now owns 47,748 shares of the auto parts company’s stock worth $5,296,000 after buying an additional 11,036 shares during the last quarter. State Street Corp lifted its position in shares of Cooper-Standard Holdings by 6.8% during the 1st quarter. State Street Corp now owns 367,436 shares of the auto parts company’s stock worth $40,757,000 after buying an additional 23,335 shares during the last quarter. Finally, Credit Suisse AG lifted its position in shares of Cooper-Standard Holdings by 36.2% during the 1st quarter. Credit Suisse AG now owns 40,011 shares of the auto parts company’s stock worth $4,439,000 after buying an additional 10,642 shares during the last quarter. Institutional investors and hedge funds own 95.50% 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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