Comerica Bank lowered its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 7.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 24,193 shares of the auto parts company’s stock after selling 1,934 shares during the period. Comerica Bank owned approximately 0.14% of Cooper-Standard worth $2,663,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Suntrust Banks Inc. raised its position in shares of Cooper-Standard by 1.7% during the second quarter. Suntrust Banks Inc. now owns 2,889 shares of the auto parts company’s stock valued at $291,000 after buying an additional 49 shares during the last quarter. CS Mckee LP raised its position in shares of Cooper-Standard by 0.4% during the second quarter. CS Mckee LP now owns 13,550 shares of the auto parts company’s stock valued at $1,367,000 after buying an additional 50 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Cooper-Standard by 1.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,863 shares of the auto parts company’s stock valued at $390,000 after buying an additional 52 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Cooper-Standard by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the auto parts company’s stock valued at $736,000 after buying an additional 100 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Cooper-Standard by 1.1% during the second quarter. Arizona State Retirement System now owns 9,300 shares of the auto parts company’s stock valued at $938,000 after buying an additional 100 shares during the last quarter. 95.88% of the stock is owned by institutional investors and hedge funds.

CPS has been the subject of a number of research analyst reports. Roth Capital upped their price objective on shares of Cooper-Standard from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research lowered shares of Cooper-Standard from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Goldman Sachs Group lowered shares of Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price objective for the company. in a research report on Monday, October 16th. KeyCorp reaffirmed a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. Finally, Buckingham Research cut their price objective on shares of Cooper-Standard from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $117.17.

Cooper-Standard Holdings Inc. (CPS) opened at $124.48 on Wednesday. Cooper-Standard Holdings Inc. has a 52-week low of $94.86 and a 52-week high of $125.31. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.75 and a quick ratio of 1.52. The stock has a market cap of $2,151.38, a PE ratio of 11.73, a P/E/G ratio of 2.32 and a beta of 0.74.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25). Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The business had revenue of $869.02 million during the quarter, compared to analyst estimates of $844.14 million. During the same period last year, the company earned $2.48 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. analysts expect that Cooper-Standard Holdings Inc. will post 10.75 EPS for the current fiscal year.

In related news, SVP Song Min Lee sold 4,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $119.00, for a total value of $476,000.00. Following the completion of the transaction, the senior vice president now owns 12,163 shares of the company’s stock, valued at $1,447,397. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the completion of the transaction, the vice president now directly owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The disclosure for this sale can be found here. Insiders sold 209,365 shares of company stock valued at $24,273,426 in the last three months. Company insiders own 1.10% of the company’s stock.

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Cooper-Standard 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.

Institutional Ownership by Quarter for Cooper-Standard (NYSE:CPS)

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