Cooper-Standard (NYSE:CPS) CFO Purchases 1,000 Shares of Company Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) CFO Jonathan Banas acquired 1,000 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $17.25 per share, for a total transaction of $17,250.00. Following the completion of the purchase, the chief financial officer owned 68,277 shares in the company, valued at $1,177,778.25. The trade was a 1.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cooper-Standard Trading Up 4.3%

Shares of NYSE:CPS traded up $0.77 on Monday, hitting $18.70. The company had a trading volume of 406,366 shares, compared to its average volume of 222,905. The company has a market cap of $332.37 million, a PE ratio of -4.87 and a beta of 2.03. The business has a 50 day moving average of $22.22 and a 200 day moving average of $28.39. Cooper-Standard Holdings Inc. has a 52-week low of $16.91 and a 52-week high of $47.98.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.85). The business had revenue of $708.59 million during the quarter, compared to the consensus estimate of $704.13 million. As a group, equities analysts predict that Cooper-Standard Holdings Inc. will post 0.71 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPS shares. Citigroup decreased their price objective on shares of Cooper-Standard from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday. Zacks Research downgraded shares of Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Weiss Ratings raised Cooper-Standard from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, October 27th. Freedom Broker reduced their price objective on Cooper-Standard from $45.00 to $27.00 and set a “buy” rating for the company in a research report on Monday. Finally, Stifel Nicolaus lowered their target price on shares of Cooper-Standard from $53.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cooper-Standard presently has an average rating of “Hold” and a consensus target price of $26.00.

Institutional Investors Weigh In On Cooper-Standard

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of Cooper-Standard by 154.4% in the third quarter. Russell Investments Group Ltd. now owns 55,471 shares of the auto parts company’s stock valued at $1,156,000 after buying an additional 33,664 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of Cooper-Standard by 28.6% during the third quarter. Tectonic Advisors LLC now owns 49,957 shares of the auto parts company’s stock worth $1,041,000 after purchasing an additional 11,104 shares during the period. Great Hill Capital LLC increased its stake in shares of Cooper-Standard by 1.0% in the 3rd quarter. Great Hill Capital LLC now owns 333,080 shares of the auto parts company’s stock valued at $6,941,000 after acquiring an additional 3,342 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Cooper-Standard by 5.8% in the second quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock worth $1,953,000 after purchasing an additional 3,942 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in Cooper-Standard during the 2nd quarter worth $205,000. Institutional investors own 69.11% of the company’s stock.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company’s products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements.

Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.