Foundry Partners LLC Sells 8,911 Shares of Cooper-Standard Holdings Inc (CPS)
Foundry Partners LLC cut its stake in Cooper-Standard Holdings Inc (NYSE:CPS) by 44.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,208 shares of the auto parts company’s stock after selling 8,911 shares during the quarter. Foundry Partners LLC’s holdings in Cooper-Standard were worth $1,373,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in Cooper-Standard by 78.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock worth $116,000 after buying an additional 500 shares in the last quarter. Riverhead Capital Management LLC grew its position in Cooper-Standard by 79.0% during the second quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock worth $144,000 after buying an additional 632 shares in the last quarter. Flinton Capital Management LLC grew its position in Cooper-Standard by 66.7% during the second quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock worth $155,000 after buying an additional 616 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in Cooper-Standard by 20.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock worth $155,000 after buying an additional 259 shares in the last quarter. Finally, Financial Sense Advisors Inc. purchased a new position in Cooper-Standard during the third quarter worth about $203,000. Institutional investors own 95.60% of the company’s stock.
In other news, SVP Song Min Lee sold 4,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was 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 directly owns 12,163 shares in the company, valued at approximately $1,447,397. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sharon Wenzl sold 585 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $125.98, for a total value of $73,698.30. Following the completion of the transaction, the insider now owns 2,990 shares of the company’s stock, valued at $376,680.20. The disclosure for this sale can be found here. Insiders sold a total of 10,450 shares of company stock valued at $1,248,784 over the last quarter. Company insiders own 1.10% of the company’s stock.
Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The firm had revenue of $869.02 million during the quarter, compared to analysts’ expectations of $844.14 million. During the same quarter in the previous year, the company posted $2.48 earnings per share. Cooper-Standard’s revenue for the quarter was up 1.6% compared to the same quarter last year. research analysts anticipate that Cooper-Standard Holdings Inc will post 10.83 earnings per share for the current fiscal year.
Several research firms recently commented on CPS. Roth Capital boosted their target price on Cooper-Standard from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. ValuEngine upgraded Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. KeyCorp restated a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. Zacks Investment Research upgraded Cooper-Standard from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Buckingham Research reduced their target price on 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 analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $120.50.
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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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