Seizert Capital Partners LLC Boosts Position in Cooper-Standard Holdings Inc. (CPS)
Seizert Capital Partners LLC increased its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 25.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,787 shares of the auto parts company’s stock after acquiring an additional 6,094 shares during the period. Seizert Capital Partners LLC owned approximately 0.17% of Cooper-Standard Holdings worth $3,454,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Cooper-Standard Holdings by 1.1% in the second quarter. Arizona State Retirement System now owns 9,300 shares of the auto parts company’s stock worth $938,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Cooper-Standard Holdings by 24.5% in the second quarter. BNP Paribas Arbitrage SA now owns 6,701 shares of the auto parts company’s stock worth $676,000 after buying an additional 1,318 shares in the last quarter. LSV Asset Management lifted its stake in shares of Cooper-Standard Holdings by 5.7% in the second quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock worth $80,869,000 after buying an additional 43,200 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in shares of Cooper-Standard Holdings by 3.6% in the first quarter. Thrivent Financial For Lutherans now owns 9,880 shares of the auto parts company’s stock worth $1,096,000 after buying an additional 340 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Cooper-Standard Holdings in the second quarter worth approximately $1,191,000. 95.28% of the stock is currently owned by institutional investors and hedge funds.
In other Cooper-Standard Holdings news, 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 transaction of $87,365.00. Following the sale, the insider now directly owns 866 shares in the company, valued at approximately $87,466. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 11,000 shares of Cooper-Standard Holdings stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $111.70, for a total value of $1,228,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 200,365 shares of company stock worth $23,185,705 over the last three months. 1.10% of the stock is currently owned by corporate insiders.
Several brokerages have recently issued reports on CPS. Roth Capital upped their target price on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Friday. Buckingham Research dropped their target price on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating on the stock in a research note on Thursday, October 19th. Goldman Sachs Group, Inc. (The) downgraded shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a research note on Monday, October 16th. Finally, BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Cooper-Standard Holdings currently has an average rating of “Hold” and a consensus price target of $117.17.
Cooper-Standard Holdings Inc. (CPS) traded up $1.42 on Friday, hitting $116.94. 133,144 shares of the stock traded hands, compared to its average volume of 134,551. The company has a quick ratio of 1.55, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2.02 billion, a PE ratio of 11.03, a PEG ratio of 2.26 and a beta of 0.74.
Cooper-Standard Holdings (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 consensus estimate of $2.36 by ($0.25). The company had revenue of $869.02 million for the quarter, compared to analyst estimates of $844.14 million. Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $2.48 earnings per share. analysts predict that Cooper-Standard Holdings Inc. will post 10.6 EPS for the current year.
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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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