Cooper-Standard (NYSE:CPS) Director David John Mastrocola Acquires 1,494 Shares

Cooper-Standard Holdings Inc. (NYSE:CPS) Director David John Mastrocola bought 1,494 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average price of $30.25 per share, with a total value of $45,193.50. Following the completion of the transaction, the director directly owned 21,609 shares of the company’s stock, valued at $653,672.25. This represents a 7.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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

Cooper-Standard Stock Down 3.5%

Shares of CPS stock opened at $29.24 on Friday. The business has a 50-day moving average price of $34.67 and a two-hundred day moving average price of $34.23. Cooper-Standard Holdings Inc. has a 12-month low of $10.38 and a 12-month high of $47.98. The firm has a market cap of $515.85 million, a P/E ratio of -121.85 and a beta of 1.88.

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

Hedge Funds Weigh In On Cooper-Standard

Large investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors lifted its position in Cooper-Standard by 0.5% in the fourth quarter. Arkadios Wealth Advisors now owns 50,748 shares of the auto parts company’s stock valued at $1,666,000 after purchasing an additional 231 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Cooper-Standard by 4.8% in the fourth quarter. Intech Investment Management LLC now owns 6,810 shares of the auto parts company’s stock worth $224,000 after purchasing an additional 312 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Cooper-Standard by 3.3% in the fourth quarter. Cerity Partners LLC now owns 9,951 shares of the auto parts company’s stock worth $327,000 after buying an additional 320 shares during the period. Deutsche Bank AG increased its stake in shares of Cooper-Standard by 1.0% in the fourth quarter. Deutsche Bank AG now owns 52,625 shares of the auto parts company’s stock worth $1,728,000 after buying an additional 544 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Cooper-Standard by 60.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after buying an additional 682 shares during the last quarter. 69.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CPS has been the topic of a number of recent research reports. Weiss Ratings cut shares of Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 9th. 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. Wall Street Zen lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, February 22nd. Stifel Nicolaus lifted their target price on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Zacks Research raised shares of Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cooper-Standard presently has a consensus rating of “Hold” and an average price target of $43.33.

Cooper-Standard Company Profile

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.