Cooper-Standard (NYSE:CPS) Director David John Mastrocola Acquires 2,000 Shares of Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) Director David John Mastrocola acquired 2,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $29.05 per share, for a total transaction of $58,100.00. Following the transaction, the director owned 18,115 shares of the company’s stock, valued at approximately $526,240.75. The trade was a 12.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Cooper-Standard Stock Performance

NYSE CPS traded up $1.79 on Friday, hitting $31.66. 117,101 shares of the stock traded hands, compared to its average volume of 269,721. The firm has a market capitalization of $558.30 million, a price-to-earnings ratio of 19.57 and a beta of 2.69. Cooper-Standard Holdings Inc. has a 12 month low of $10.38 and a 12 month high of $40.67. The business’s fifty day moving average is $35.11 and its two-hundred day moving average is $28.36.

Cooper-Standard (NYSE:CPS) last posted its earnings results on Friday, October 31st. The auto parts company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.74). The business had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $698.83 million.

Institutional Trading of Cooper-Standard

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in shares of Cooper-Standard by 11,273.9% during the first quarter. Nisa Investment Advisors LLC now owns 2,616 shares of the auto parts company’s stock valued at $40,000 after buying an additional 2,593 shares during the period. Cerity Partners LLC bought a new stake in shares of Cooper-Standard during the first quarter valued at approximately $155,000. CWM LLC increased its stake in shares of Cooper-Standard by 391.9% in the 1st quarter. CWM LLC now owns 7,457 shares of the auto parts company’s stock worth $114,000 after acquiring an additional 5,941 shares in the last quarter. Cetera Investment Advisers bought a new stake in Cooper-Standard during the first quarter worth about $158,000. Finally, GSA Capital Partners LLP increased its stake in shares of Cooper-Standard by 89.0% during the first quarter. GSA Capital Partners LLP now owns 126,242 shares of the auto parts company’s stock valued at $1,934,000 after purchasing an additional 59,433 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CPS shares. Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Stifel Nicolaus lifted their price target on Cooper-Standard from $39.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Zacks Research lowered shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cooper-Standard in a report on Thursday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.50.

About Cooper-Standard

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.