Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. increased its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 19,500 shares of the auto parts company’s stock after buying an additional 600 shares during the period. Bessemer Group Inc.’s holdings in Cooper-Standard Holdings were worth $1,967,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CPS. State of Alaska Department of Revenue increased its position in Cooper-Standard Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,960 shares of the auto parts company’s stock valued at $217,000 after buying an additional 40 shares during the period. Louisiana State Employees Retirement System increased its position in Cooper-Standard Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the auto parts company’s stock valued at $799,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its position in Cooper-Standard Holdings by 1.1% in the first quarter. Arizona State Retirement System now owns 9,200 shares of the auto parts company’s stock valued at $1,021,000 after buying an additional 100 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Cooper-Standard Holdings by 1.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,640 shares of the auto parts company’s stock valued at $737,000 after buying an additional 100 shares during the period. Finally, Flinton Capital Management LLC increased its position in Cooper-Standard Holdings by 13.8% in the first quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock valued at $103,000 after buying an additional 112 shares during the period. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cooper-Standard Holdings Inc. (NYSE CPS) opened at 100.44 on Friday. The company has a 50-day moving average of $102.43 and a 200 day moving average of $107.28. Cooper-Standard Holdings Inc. has a 12 month low of $82.50 and a 12 month high of $118.59. The company has a market cap of $1.78 billion, a PE ratio of 12.65 and a beta of 0.72.

Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. The firm had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 EPS. On average, analysts anticipate that Cooper-Standard Holdings Inc. will post $10.67 earnings per share for the current year.

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Several research firms have recently commented on CPS. ValuEngine downgraded shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and issued a $117.00 price target on shares of Cooper-Standard Holdings in a research report on Wednesday, May 3rd. Finally, Bank of America Corporation restated an “underperform” rating and issued a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Cooper-Standard Holdings has a consensus rating of “Hold” and a consensus price target of $109.67.

In other Cooper-Standard Holdings news, Chairman Jeffrey S. Edwards sold 17,540 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $108.47, for a total value of $1,902,563.80. Following the transaction, the chairman now owns 67,199 shares in the company, valued at approximately $7,289,075.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Silver Point Capital L.P. sold 10,000 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were sold at an average price of $112.66, for a total value of $1,126,600.00. The disclosure for this sale can be found here. Insiders sold a total of 319,122 shares of company stock worth $34,081,804 in the last 90 days. 3.90% of the stock is currently owned by insiders.

About Cooper-Standard Holdings

Cooper-Standard Holdings Inc is a holding company. The Company designs, manufactures and sells sealing, fuel and brake delivery, fluid transfer and anti-vibration systems for use in passenger vehicles and light trucks manufactured by global original equipment manufacturers (OEMs). The Company operates through four segments: North America, Europe, Asia Pacific and South America.

Want to see what other hedge funds are holding CPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cooper-Standard Holdings Inc. (NYSE:CPS).

Institutional Ownership by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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