Insider Buying: Cooper-Standard (NYSE:CPS) Director Acquires $45,193.50 in Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) Director David John Mastrocola acquired 1,494 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $30.25 per share, with a total value of $45,193.50. Following the purchase, the director directly owned 21,609 shares in the company, valued at approximately $653,672.25. This trade represents a 7.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

David John Mastrocola also recently made the following trade(s):

• On Friday, March 13th, David John Mastrocola bought 3,391 shares of Cooper-Standard stock. The shares were purchased at an average price of $29.77 per share, for a total transaction of $100,950.07.
• On Wednesday, March 11th, David John Mastrocola bought 2,000 shares of Cooper-Standard stock. The stock was purchased at an average cost of $31.00 per share, for a total transaction of $62,000.00.

Cooper-Standard Stock Down 3.5%

Shares of Cooper-Standard stock opened at $29.24 on Monday. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $47.98. The company has a 50 day moving average of $34.67 and a 200 day moving average of $34.22. The company has a market capitalization of $515.85 million, a P/E ratio of -121.85 and a beta of 1.88.

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings lowered Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Stifel Nicolaus upped their price objective on Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Citigroup increased their price objective on Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Wall Street Zen cut Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Sunday, February 22nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Cooper-Standard has a consensus rating of “Hold” and a consensus price target of $43.33.

Institutional Investors Weigh In On Cooper-Standard

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Cooper-Standard by 343.0% during the first quarter. Royal Bank of Canada now owns 25,628 shares of the auto parts company’s stock worth $393,000 after purchasing an additional 19,843 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Cooper-Standard by 1,345.8% during the first quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company’s stock worth $2,321,000 after purchasing an additional 141,049 shares in the last quarter. Millennium Management LLC lifted 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 valued at $4,765,000 after purchasing an additional 147,209 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Cooper-Standard by 21.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company’s stock valued at $3,286,000 after purchasing an additional 38,489 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Cooper-Standard by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 404,667 shares of the auto parts company’s stock valued at $8,702,000 after purchasing an additional 1,298 shares during the period. 69.11% of the stock is owned by hedge funds and other institutional investors.

About Cooper-Standard

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.