Citigroup Inc. Buys 1,663 Shares of Cooper-Standard Holdings Inc. (CPS)
Citigroup Inc. raised its stake in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 314.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,192 shares of the auto parts company’s stock after purchasing an additional 1,663 shares during the quarter. Citigroup Inc.’s holdings in Cooper-Standard Holdings were worth $221,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Menta Capital LLC acquired a new stake in Cooper-Standard Holdings during the second quarter valued at approximately $1,749,000. UBS Asset Management Americas Inc. boosted its holdings in Cooper-Standard Holdings by 29.1% during the second quarter. UBS Asset Management Americas Inc. now owns 8,736 shares of the auto parts company’s stock valued at $881,000 after purchasing an additional 1,967 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Cooper-Standard Holdings by 5.1% during the second quarter. New York State Common Retirement Fund now owns 20,820 shares of the auto parts company’s stock valued at $2,100,000 after purchasing an additional 1,011 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in Cooper-Standard Holdings by 9.3% during the second quarter. Thrivent Financial For Lutherans now owns 10,800 shares of the auto parts company’s stock valued at $1,089,000 after purchasing an additional 920 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Cooper-Standard Holdings by 1.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,863 shares of the auto parts company’s stock valued at $390,000 after purchasing an additional 52 shares in the last quarter. 95.83% of the stock is currently owned by institutional investors.
In related news, major shareholder Silver Point Capital L.P. sold 62,000 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $116.67, for a total transaction of $7,233,540.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Aleksandra A. Miziolek sold 865 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total transaction of $87,365.00. Following the sale, the insider now owns 866 shares in the company, valued at approximately $87,466. The disclosure for this sale can be found here. Insiders have sold a total of 189,365 shares of company stock worth $21,957,005 in the last quarter. 1.10% of the stock is currently owned by company insiders.
Cooper-Standard Holdings Inc. (NYSE CPS) opened at 110.38 on Friday. The stock has a 50 day moving average price of $109.98 and a 200 day moving average price of $106.32. The firm has a market capitalization of $1.96 billion, a P/E ratio of 13.91 and a beta of 0.77. Cooper-Standard Holdings Inc. has a one year low of $82.50 and a one year high of $118.60.
Cooper-Standard Holdings (NYSE:CPS) last posted its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. The business had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.85 EPS. On average, equities analysts predict that Cooper-Standard Holdings Inc. will post $10.63 EPS for the current fiscal year.
A number of equities research analysts have weighed in on CPS shares. Buckingham Research decreased their price objective on Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Investment Research raised Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Monday, October 9th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) downgraded Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $114.60.
Cooper-Standard Holdings 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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