Numeric Investors LLC lowered its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 54.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 141,789 shares of the auto parts company’s stock after selling 169,621 shares during the period. Numeric Investors LLC owned approximately 0.80% of Cooper-Standard Holdings worth $14,302,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its position in shares of Cooper-Standard Holdings by 30.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 6,002 shares of the auto parts company’s stock worth $666,000 after purchasing an additional 1,393 shares in the last quarter. First Trust Advisors LP grew its position in shares of Cooper-Standard Holdings by 0.5% during the 1st quarter. First Trust Advisors LP now owns 22,225 shares of the auto parts company’s stock worth $2,465,000 after purchasing an additional 121 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Cooper-Standard Holdings by 5.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,383 shares of the auto parts company’s stock worth $597,000 after purchasing an additional 284 shares in the last quarter. Comerica Bank grew its position in shares of Cooper-Standard Holdings by 3.5% during the 1st quarter. Comerica Bank now owns 23,857 shares of the auto parts company’s stock worth $2,727,000 after purchasing an additional 799 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Cooper-Standard Holdings by 3.8% during the 1st quarter. Swiss National Bank now owns 21,800 shares of the auto parts company’s stock worth $2,418,000 after purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Cooper-Standard Holdings Inc. (CPS) opened at 115.97 on Friday. The firm’s 50 day moving average is $101.45 and its 200-day moving average is $105.90. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 14.61 and a beta of 0.73. Cooper-Standard Holdings Inc. has a 12 month low of $82.50 and a 12 month high of $118.59.

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, beating the consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The company had revenue of $909.10 million for the quarter, compared to analyst estimates of $884.02 million. During the same quarter in the previous year, the firm posted $2.85 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that Cooper-Standard Holdings Inc. will post $10.70 EPS for the current year.

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A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine upgraded shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Finally, Bank of America Corporation restated an “underperform” rating and set a $85.00 target price (down previously from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $108.60.

In other news, insider Aleksandra A. Miziolek sold 865 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.00, for a total value of $87,365.00. Following the sale, the insider now owns 866 shares of the company’s stock, valued at $87,466. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $105.76, for a total transaction of $52,880.00. The disclosure for this sale can be found here. In the last three months, insiders sold 384,865 shares of company stock worth $41,989,615. Insiders own 1.10% of the company’s stock.

Cooper-Standard Holdings 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.

Institutional Ownership by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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