Algert Global LLC increased its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 32.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,978 shares of the company’s stock after buying an additional 8,859 shares during the period. Cooper-Standard Holdings comprises about 1.0% of Algert Global LLC’s portfolio, making the stock its 3rd largest position. Algert Global LLC’s holdings in Cooper-Standard Holdings were worth $3,555,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in Cooper-Standard Holdings during the first quarter worth about $146,000. Pacad Investment Ltd. acquired a new stake in Cooper-Standard Holdings during the second quarter worth about $150,000. PNC Financial Services Group Inc. raised its stake in Cooper-Standard Holdings by 8.5% in the second quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the company’s stock worth $158,000 after buying an additional 156 shares during the last quarter. Paradigm Asset Management Co. LLC raised its stake in Cooper-Standard Holdings by 14.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 2,400 shares of the company’s stock worth $190,000 after buying an additional 300 shares during the last quarter. Finally, Walleye Trading LLC raised its stake in Cooper-Standard Holdings by 38.9% in the second quarter. Walleye Trading LLC now owns 2,500 shares of the company’s stock worth $197,000 after buying an additional 700 shares during the last quarter. 96.91% of the stock is owned by institutional investors.
Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 98.33 on Wednesday. The stock’s 50 day moving average is $100.92 and its 200 day moving average is $87.68. The firm has a market cap of $1.70 billion, a PE ratio of 14.51 and a beta of 0.62. Cooper-Standard Holdings Inc. has a 12 month low of $62.97 and a 12 month high of $107.94.
Cooper-Standard Holdings (NYSE:CPS) last released its earnings results on Thursday, July 28th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.61. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The company earned $879.30 million during the quarter, compared to the consensus estimate of $875.98 million. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Cooper-Standard Holdings Inc. will post $10.18 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the stock. Jefferies Group dropped their target price on shares of Cooper-Standard Holdings from $105.00 to $96.00 and set a “buy” rating for the company in a report on Monday, August 1st. Roth Capital set a $115.00 target price on shares of Cooper-Standard Holdings and gave the stock a “buy” rating in a report on Sunday, September 18th. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Seaport Global Securities assumed coverage on shares of Cooper-Standard Holdings in a report on Tuesday, August 9th. They set a “buy” rating and a $108.00 target price for the company. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $99.00 target price (up previously from $94.00) on shares of Cooper-Standard Holdings in a report on Saturday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Cooper-Standard Holdings has a consensus rating of “Hold” and a consensus target price of $102.43.
In other Cooper-Standard Holdings news, insider Hill Advisors Genpar L.P. Oak sold 15,616 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $102.05, for a total value of $1,593,612.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Silver Point Capital L.P. sold 142,000 shares of the firm’s stock in a transaction on Tuesday, October 11th. The shares were sold at an average price of $101.55, for a total value of $14,420,100.00. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.
Cooper-Standard Holdings Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
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