Sharon Wenzl Sells 585 Shares of Cooper-Standard Holdings Inc. (CPS) Stock
Cooper-Standard Holdings Inc. (NYSE:CPS) insider Sharon Wenzl sold 585 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $125.98, for a total value of $73,698.30. Following the completion of the sale, the insider now directly owns 2,990 shares in the company, valued at approximately $376,680.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Cooper-Standard Holdings Inc. (CPS) traded up $0.58 during trading on Friday, reaching $117.98. The company’s stock had a trading volume of 119,813 shares, compared to its average volume of 99,791. The company has a quick ratio of 1.52, a current ratio of 1.75 and a debt-to-equity ratio of 0.86. The company has a market cap of $2,058.12, a P/E ratio of 11.22, a P/E/G ratio of 2.20 and a beta of 0.80. Cooper-Standard Holdings Inc. has a 52-week low of $95.33 and a 52-week high of $128.52.
Cooper-Standard (NYSE:CPS) last announced its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.25). The business had revenue of $869.02 million for the quarter, compared to the consensus estimate of $844.14 million. Cooper-Standard had a net margin of 3.88% and a return on equity of 24.99%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.48 EPS. equities research analysts predict that Cooper-Standard Holdings Inc. will post 10.84 earnings per share for the current year.
Several analysts recently issued reports on CPS shares. Zacks Investment Research raised Cooper-Standard from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of Cooper-Standard in a report on Friday, November 17th. Roth Capital raised their price target on Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Goldman Sachs Group downgraded Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a report on Monday, October 16th. Finally, Buckingham Research cut their price target on Cooper-Standard from $131.00 to $129.00 and set a “buy” rating on the stock in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.17.
Institutional investors have recently made changes to their positions in the business. Parametrica Management Ltd bought a new stake in Cooper-Standard during the 3rd quarter valued at $236,000. Arizona State Retirement System raised its stake in Cooper-Standard by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 9,300 shares of the auto parts company’s stock valued at $938,000 after acquiring an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Cooper-Standard by 24.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,701 shares of the auto parts company’s stock valued at $676,000 after acquiring an additional 1,318 shares in the last quarter. LSV Asset Management raised its stake in Cooper-Standard by 5.7% during the 2nd quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock valued at $80,869,000 after acquiring an additional 43,200 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Cooper-Standard during the 2nd quarter valued at $1,191,000. 96.04% of the stock is currently owned by hedge funds and other institutional investors.
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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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