DekaBank Deutsche Girozentrale Raises Stake in Cooper-Standard Holdings Inc. (CPS)
DekaBank Deutsche Girozentrale lifted its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 78.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,139 shares of the auto parts company’s stock after purchasing an additional 500 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cooper-Standard were worth $116,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of CPS. Alliancebernstein L.P. increased its holdings in shares of Cooper-Standard by 2,433.2% in the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock worth $53,149,000 after purchasing an additional 506,102 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Cooper-Standard by 6.3% in the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock worth $222,489,000 after purchasing an additional 129,820 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Cooper-Standard by 23.6% in the second quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock worth $41,881,000 after purchasing an additional 79,200 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Cooper-Standard by 713.4% in the second quarter. Acadian Asset Management LLC now owns 80,533 shares of the auto parts company’s stock worth $8,123,000 after purchasing an additional 70,632 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Cooper-Standard by 3.5% in the second quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock worth $205,384,000 after purchasing an additional 68,126 shares during the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.
In other Cooper-Standard news, VP Keith Dwayne Stephenson sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the completion of the transaction, the vice president now owns 63,584 shares in the company, valued at $6,678,863.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Song Min Lee sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $119.00, for a total value of $476,000.00. Following the transaction, the senior vice president now owns 12,163 shares of the company’s stock, valued at approximately $1,447,397. The disclosure for this sale can be found here. In the last quarter, insiders sold 209,365 shares of company stock valued at $24,273,426. 1.10% of the stock is currently owned by company insiders.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Cooper-Standard from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. KeyCorp reiterated a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. Roth Capital lifted their price target on Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Goldman Sachs Group Inc lowered Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research report on Monday, October 16th. Finally, Buckingham Research dropped their price target on Cooper-Standard from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Cooper-Standard currently has an average rating of “Hold” and a consensus price target of $117.17.
Cooper-Standard Holdings Inc. (CPS) traded up $0.08 on Monday, reaching $122.80. The company had a trading volume of 3,968 shares, compared to its average volume of 125,071. The stock has a market capitalization of $2,151.40, a price-to-earnings ratio of 11.73, a P/E/G ratio of 2.32 and a beta of 0.74. Cooper-Standard Holdings Inc. has a 12 month low of $94.63 and a 12 month high of $123.28. The company has a current ratio of 1.75, a quick ratio of 1.52 and a debt-to-equity ratio of 0.86.
Cooper-Standard (NYSE:CPS) last released its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25). The company had revenue of $869.02 million during the quarter, compared to analysts’ expectations of $844.14 million. Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.48 EPS. analysts predict that Cooper-Standard Holdings Inc. will post 10.75 earnings per share for the current year.
Cooper-Standard 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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