Rhumbline Advisers boosted its stake in Cooper Standard Holdings Inc (NYSE:CPS) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,065 shares of the auto parts company’s stock after buying an additional 855 shares during the period. Rhumbline Advisers owned 0.22% of Cooper Standard worth $4,798,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Elkfork Partners LLC purchased a new stake in Cooper Standard in the fourth quarter worth about $186,000. Dean Capital Investments Management LLC purchased a new stake in Cooper Standard in the fourth quarter worth about $216,000. Sawgrass Asset Management LLC purchased a new stake in Cooper Standard in the fourth quarter worth about $227,000. Xact Kapitalforvaltning AB purchased a new stake in Cooper Standard in the fourth quarter worth about $228,000. Finally, Balter Liquid Alternatives LLC purchased a new stake in Cooper Standard in the fourth quarter worth about $255,000. Institutional investors and hedge funds own 96.22% of the company’s stock.
Several analysts have commented on CPS shares. ValuEngine upgraded shares of Cooper Standard from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Zacks Investment Research lowered shares of Cooper Standard from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Finally, Bank of America lifted their target price on shares of Cooper Standard from $85.00 to $90.00 and gave the company an “underperform” rating in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $123.20.
Cooper Standard opened at $128.74 on Friday, MarketBeat.com reports. Cooper Standard Holdings Inc has a 52-week low of $95.33 and a 52-week high of $135.00. The company has a market cap of $2.36 billion, a PE ratio of 11.29 and a beta of 0.74. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.78.
Cooper Standard (NYSE:CPS) last released its earnings results on Wednesday, May 2nd. The auto parts company reported $3.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $0.54. Cooper Standard had a net margin of 4.08% and a return on equity of 25.10%. The firm had revenue of $967.39 million during the quarter, compared to analyst estimates of $900.77 million. During the same period last year, the business earned $2.95 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. sell-side analysts predict that Cooper Standard Holdings Inc will post 11.82 EPS for the current year.
In other news, VP Keith Dwayne Stephenson sold 8,343 shares of Cooper Standard stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $132.49, for a total transaction of $1,105,364.07. Following the completion of the transaction, the vice president now directly owns 80,899 shares in the company, valued at $10,718,308.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aleksandra A. Miziolek sold 1,700 shares of Cooper Standard stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $123.95, for a total transaction of $210,715.00. Following the transaction, the insider now owns 2,709 shares of the company’s stock, valued at $335,780.55. The disclosure for this sale can be found here. Insiders have sold 31,573 shares of company stock valued at $3,952,612 over the last quarter. Company insiders own 3.00% of the company’s stock.
Cooper Standard Profile
Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.
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