Cooper-Standard Holdings Inc (NYSE:CPS) CFO Jonathan P. Banas bought 500 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $37.89 per share, for a total transaction of $18,945.00. Following the transaction, the chief financial officer now directly owns 2,083 shares in the company, valued at $78,924.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of CPS traded down $4.29 during midday trading on Monday, reaching $33.55. The company had a trading volume of 180,647 shares, compared to its average volume of 245,697. Cooper-Standard Holdings Inc has a 1-year low of $36.11 and a 1-year high of $144.16. The company has a market capitalization of $568.35 million, a PE ratio of 3.82 and a beta of 1.58. The business has a 50 day simple moving average of $44.75. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 1.75.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, August 1st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.80). Cooper-Standard had a return on equity of 7.13% and a net margin of 4.47%. The company had revenue of $764.81 million during the quarter, compared to analyst estimates of $832.61 million. During the same period last year, the business earned $2.74 earnings per share. The firm’s revenue was down 17.6% compared to the same quarter last year. On average, sell-side analysts predict that Cooper-Standard Holdings Inc will post 3.95 EPS for the current year.

A number of research analysts have recently issued reports on CPS shares. Buckingham Research decreased their target price on Cooper-Standard from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. ValuEngine upgraded Cooper-Standard from a “sell” rating to a “hold” rating in a report on Thursday. Goldman Sachs Group lowered Cooper-Standard from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $51.00 to $36.00 in a report on Thursday, June 13th. Roth Capital decreased their price objective on Cooper-Standard from $76.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, Zacks Investment Research lowered Cooper-Standard from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $48.00.

Institutional investors and hedge funds have recently modified their holdings of the business. Clearbridge Investments LLC increased its stake in shares of Cooper-Standard by 15.1% in the 1st quarter. Clearbridge Investments LLC now owns 162,458 shares of the auto parts company’s stock worth $7,629,000 after acquiring an additional 21,312 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Cooper-Standard by 165.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,090 shares of the auto parts company’s stock worth $192,000 after purchasing an additional 2,552 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Cooper-Standard by 13.6% during the 1st quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 270 shares during the last quarter. Norges Bank acquired a new stake in shares of Cooper-Standard during the 4th quarter worth about $19,548,000. Finally, Deutsche Bank AG increased its position in shares of Cooper-Standard by 108.5% during the 4th quarter. Deutsche Bank AG now owns 77,180 shares of the auto parts company’s stock worth $4,793,000 after purchasing an additional 40,161 shares during the last quarter. 94.43% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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