Public Sector Pension investment Board Sells 3,500 Shares of Cooper-Standard Holdings Inc. (CPS)
Public Sector Pension investment Board reduced its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 27.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,100 shares of the auto parts company’s stock after selling 3,500 shares during the quarter. Public Sector Pension investment Board owned about 0.05% of Cooper-Standard Holdings worth $918,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPS. Ameritas Investment Partners Inc. purchased a new position in Cooper-Standard Holdings in the 1st quarter valued at $142,000. Riverhead Capital Management LLC boosted its stake in Cooper-Standard Holdings by 79.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock worth $144,000 after purchasing an additional 632 shares during the last quarter. First Mercantile Trust Co. acquired a new stake in Cooper-Standard Holdings during the 2nd quarter worth $146,000. Victory Capital Management Inc. boosted its stake in Cooper-Standard Holdings by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock worth $164,000 after purchasing an additional 222 shares during the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in Cooper-Standard Holdings during the 2nd quarter worth $203,000. 95.83% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Silver Point Capital L.P. sold 110,500 shares of Cooper-Standard Holdings stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $105.42, for a total transaction of $11,648,910.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Aleksandra A. Miziolek sold 865 shares of Cooper-Standard Holdings stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total value of $87,365.00. Following the transaction, the insider now owns 866 shares of the company’s stock, valued at $87,466. The disclosure for this sale can be found here. Insiders sold a total of 384,865 shares of company stock worth $41,989,615 over the last quarter. Insiders own 1.10% of the company’s stock.
Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 117.41 on Wednesday. The stock has a 50 day moving average price of $105.21 and a 200-day moving average price of $106.00. Cooper-Standard Holdings Inc. has a 52-week low of $82.50 and a 52-week high of $118.60. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 14.79 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.02. The business had revenue of $909.10 million during the quarter, compared to analysts’ expectations of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The business’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 earnings per share. On average, equities research analysts predict that Cooper-Standard Holdings Inc. will post $10.70 EPS for the current fiscal year.
CPS has been the subject of a number of research reports. ValuEngine raised shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Zacks Investment Research downgraded shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Bank of America Corporation reissued an “underperform” rating and issued a $85.00 price target (down from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $108.60.
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.
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