Cooper-Standard (NYSE:CPS) Trading Up 11.6% – Time to Buy?

Cooper-Standard Holdings Inc. (NYSE:CPS) shares were up 11.6% during trading on Wednesday . The company traded as high as $30.85 and last traded at $30.7570. Approximately 46,736 shares were traded during trading, a decline of 80% from the average daily volume of 231,057 shares. The stock had previously closed at $27.57.

Analysts Set New Price Targets

A number of analysts have commented on CPS shares. Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Citigroup upped their price target on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings cut shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. Finally, Stifel Nicolaus increased their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $43.33.

Cooper-Standard Trading Up 11.3%

The company has a market cap of $541.28 million, a P/E ratio of -127.88 and a beta of 2.00. The stock’s 50-day moving average price is $33.45 and its 200-day moving average price is $33.11.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Friday, February 13th. The auto parts company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78). The firm had revenue of $672.37 million for the quarter, compared to the consensus estimate of $641.51 million.

Insider Buying and Selling at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola bought 3,391 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $29.77 per share, for a total transaction of $100,950.07. Following the acquisition, the director directly owned 25,000 shares of the company’s stock, valued at approximately $744,250. The trade was a 15.69% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 6,885 shares of company stock valued at $208,144. Corporate insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors and hedge funds have recently made changes to their positions in CPS. Great Hill Capital LLC acquired a new stake in shares of Cooper-Standard in the 3rd quarter worth about $16,036,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Cooper-Standard by 336.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 274,642 shares of the auto parts company’s stock worth $10,143,000 after acquiring an additional 211,768 shares during the last quarter. EVR Research LP raised its holdings in shares of Cooper-Standard by 114.3% in the 4th quarter. EVR Research LP now owns 375,000 shares of the auto parts company’s stock worth $12,311,000 after acquiring an additional 200,000 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Cooper-Standard by 255.3% in the 4th quarter. Stifel Financial Corp now owns 247,867 shares of the auto parts company’s stock worth $8,137,000 after acquiring an additional 178,102 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Cooper-Standard by 89.9% in the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock worth $4,765,000 after acquiring an additional 147,209 shares during the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.