Keith Dwayne Stephenson Sells 14,000 Shares of Cooper-Standard Holdings Inc. (CPS) Stock
Cooper-Standard Holdings Inc. (NYSE:CPS) VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard Holdings stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $105.04, for a total transaction of $1,470,560.00. Following the sale, the vice president now owns 63,584 shares in the company, valued at $6,678,863.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) opened at 106.56 on Friday. Cooper-Standard Holdings Inc. has a 52 week low of $82.50 and a 52 week high of $118.59. The company has a market capitalization of $1.89 billion, a PE ratio of 13.42 and a beta of 0.73. The company’s 50 day moving average is $101.15 and its 200-day moving average is $106.06.
Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.58 by $0.02. The company had revenue of $909.10 million for 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 in the prior year, the business earned $2.85 earnings per share. On average, analysts expect that Cooper-Standard Holdings Inc. will post $10.70 EPS for the current fiscal year.
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A number of equities research analysts recently weighed in on CPS shares. Zacks Investment Research cut shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Bank of America Corporation restated an “underperform” rating and set a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. BidaskClub cut shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, ValuEngine upgraded shares of Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $109.67.
Several hedge funds have recently made changes to their positions in CPS. Flinton Capital Management LLC grew its holdings in shares of Cooper-Standard Holdings by 13.8% during the first quarter. Flinton Capital Management LLC now owns 924 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 112 shares during the last quarter. Neuburgh Advisers LLC grew its holdings in shares of Cooper-Standard Holdings by 13.8% during the first quarter. Neuburgh Advisers LLC now owns 1,122 shares of the auto parts company’s stock worth $125,000 after purchasing an additional 136 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Cooper-Standard Holdings during the first quarter worth $142,000. Riverhead Capital Management LLC grew its holdings in shares of Cooper-Standard Holdings by 79.0% during the second 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. Finally, First Mercantile Trust Co. bought a new stake in shares of Cooper-Standard Holdings during the second quarter worth $146,000. Institutional investors own 95.83% of the company’s stock.
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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