David John Mastrocola Purchases 1,494 Shares of Cooper-Standard (NYSE:CPS) Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) Director David John Mastrocola purchased 1,494 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of $30.25 per share, for a total transaction of $45,193.50. Following the completion of the purchase, the director directly owned 21,609 shares in the company, valued at approximately $653,672.25. This trade represents a 7.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

David John Mastrocola also recently made the following trade(s):

• On Friday, March 13th, David John Mastrocola acquired 3,391 shares of Cooper-Standard stock. The shares were bought at an average cost of $29.77 per share, with a total value of $100,950.07.
• On Wednesday, March 11th, David John Mastrocola bought 2,000 shares of Cooper-Standard stock. The stock was purchased at an average price of $31.00 per share, for a total transaction of $62,000.00.

Cooper-Standard Stock Performance

Shares of Cooper-Standard stock opened at $29.24 on Friday. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $47.98. The company’s 50 day moving average price is $34.67 and its 200-day moving average price is $34.23. The stock has a market capitalization of $515.85 million, a price-to-earnings ratio of -121.85 and a beta of 1.88.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings results on Friday, February 13th. The auto parts company reported ($1.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.78). The company had revenue of $672.37 million for the quarter, compared to the consensus estimate of $641.51 million.

Analyst Ratings Changes

Several brokerages have recently commented on CPS. Citigroup upped their price objective on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Stifel Nicolaus boosted their price target on Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Wall Street Zen lowered Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. Weiss Ratings cut Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Finally, Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.33.

Institutional Investors Weigh In On Cooper-Standard

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. bought a new stake in shares of Cooper-Standard during the 3rd quarter valued at about $669,000. Great Hill Capital LLC bought a new position in Cooper-Standard in the third quarter worth about $16,036,000. Empowered Funds LLC bought a new position in Cooper-Standard in the second quarter worth about $3,798,000. Osaic Holdings Inc. lifted its holdings in Cooper-Standard by 42.0% in the second quarter. Osaic Holdings Inc. now owns 85,593 shares of the auto parts company’s stock worth $1,840,000 after buying an additional 25,318 shares during the period. Finally, EVR Research LP purchased a new stake in Cooper-Standard in the third quarter worth about $6,463,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

About Cooper-Standard

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.