Cooper-Standard (NYSE:CPS) CFO Jonathan Banas Purchases 500 Shares

Cooper-Standard Holdings Inc. (NYSE:CPS) CFO Jonathan Banas purchased 500 shares of Cooper-Standard stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price of $29.95 per share, with a total value of $14,975.00. Following the transaction, the chief financial officer owned 53,427 shares in the company, valued at approximately $1,600,138.65. The trade was a 0.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cooper-Standard Stock Performance

Shares of CPS traded up $0.97 during mid-day trading on Wednesday, hitting $29.05. 191,620 shares of the company were exchanged, compared to its average volume of 271,170. Cooper-Standard Holdings Inc. has a 1-year low of $10.38 and a 1-year high of $40.67. The company has a 50 day moving average of $36.19 and a 200-day moving average of $27.76. The stock has a market cap of $512.24 million, a price-to-earnings ratio of 17.97 and a beta of 2.63.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Thursday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.74). The business had revenue of $695.50 million for the quarter, compared to the consensus estimate of $698.83 million. Cooper-Standard has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Cooper-Standard

A number of hedge funds and other institutional investors have recently modified their holdings of CPS. State of Alaska Department of Revenue acquired a new stake in Cooper-Standard during the 3rd quarter worth $30,000. New York State Teachers Retirement System acquired a new stake in Cooper-Standard during the 3rd quarter worth $57,000. Geneos Wealth Management Inc. raised its stake in Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 682 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Cooper-Standard by 11,273.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 2,593 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CPS. Stifel Nicolaus increased their price objective on shares of Cooper-Standard from $39.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen cut shares of Cooper-Standard from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Research raised shares of Cooper-Standard from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cooper-Standard in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.50.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.