Bank of New York Mellon Corp decreased its holdings in Cooper-Standard Holdings Inc (NYSE:CPS) by 11.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 240,632 shares of the auto parts company’s stock after selling 32,231 shares during the quarter. Bank of New York Mellon Corp owned 1.37% of Cooper-Standard worth $27,905,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its position in shares of Cooper-Standard by 78.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 500 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Cooper-Standard by 79.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock worth $144,000 after purchasing an additional 632 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Cooper-Standard during the 2nd quarter worth about $146,000. Ameritas Investment Partners Inc. increased its position in shares of Cooper-Standard by 20.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 259 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Cooper-Standard by 66.7% during the 2nd quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.
Shares of Cooper-Standard Holdings Inc (NYSE:CPS) opened at $116.71 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.75 and a quick ratio of 1.52. The firm has a market cap of $2,068.28, a PE ratio of 11.28, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80. Cooper-Standard Holdings Inc has a 1 year low of $95.33 and a 1 year high of $128.52.
Cooper-Standard (NYSE:CPS) last issued its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.25). The business had revenue of $869.02 million during the quarter, compared to the consensus estimate of $844.14 million. Cooper-Standard had a net margin of 3.88% and a return on equity of 24.99%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $2.48 EPS. equities research analysts forecast that Cooper-Standard Holdings Inc will post 10.84 earnings per share for the current fiscal year.
In other Cooper-Standard news, VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the sale, the vice president now directly owns 63,584 shares in the company, valued at approximately $6,678,863.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Miguel Posada Juan Fernando De sold 3,028 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $119.38, for a total transaction of $361,482.64. Following the sale, the insider now owns 16,389 shares in the company, valued at $1,956,518.82. The disclosure for this sale can be found here. Insiders sold a total of 209,950 shares of company stock worth $24,347,124 in the last ninety days. Insiders own 1.10% of the company’s stock.
A number of brokerages recently issued reports on CPS. Zacks Investment Research cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Buckingham Research lowered their price objective on shares of Cooper-Standard from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. KeyCorp restated a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. Goldman Sachs Group cut shares of Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price objective for the company. in a research report on Monday, October 16th. Finally, Roth Capital raised their price objective on shares of Cooper-Standard from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $117.17.
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Cooper-Standard Company Profile
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.
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