Cooper-Standard Holdings Inc. (CPS) Position Cut by Chicago Equity Partners LLC
Chicago Equity Partners LLC trimmed its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 31.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,496 shares of the auto parts company’s stock after selling 6,320 shares during the quarter. Chicago Equity Partners LLC owned about 0.08% of Cooper-Standard Holdings worth $1,565,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Cooper-Standard Holdings by 6.3% in the second quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock valued at $222,489,000 after purchasing an additional 129,820 shares during the period. Vanguard Group Inc. lifted its position in Cooper-Standard Holdings by 3.5% during the second quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock valued at $205,384,000 after buying an additional 68,126 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Cooper-Standard Holdings by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 815,147 shares of the auto parts company’s stock valued at $82,224,000 after buying an additional 21,750 shares in the last quarter. LSV Asset Management lifted its position in Cooper-Standard Holdings by 5.7% during the second quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock valued at $80,869,000 after buying an additional 43,200 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Cooper-Standard Holdings by 2,433.2% during the second quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock valued at $53,149,000 after buying an additional 506,102 shares in the last quarter. Hedge funds and other institutional investors own 95.50% of the company’s stock.
Cooper-Standard Holdings Inc. (CPS) opened at $119.82 on Tuesday. The firm has a market cap of $2,105.80, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.75. Cooper-Standard Holdings Inc. has a 12-month low of $88.09 and a 12-month high of $120.99.
Cooper-Standard Holdings (NYSE:CPS) last posted its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The firm had revenue of $869.02 million for the quarter, compared to analyst estimates of $844.14 million. During the same period in the previous year, the firm posted $2.48 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. equities research analysts predict that Cooper-Standard Holdings Inc. will post 10.75 EPS for the current year.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Goldman Sachs Group, Inc. (The) cut shares of Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research report on Monday, October 16th. Buckingham Research reduced their price target on shares of Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. Finally, Roth Capital lifted their price target on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Cooper-Standard Holdings currently has a consensus rating of “Hold” and an average target price of $117.17.
In other news, insider Miguel Posada Juan Fernando De sold 3,028 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $119.38, for a total transaction of $361,482.64. Following the transaction, the insider now directly owns 16,389 shares of the company’s stock, valued at $1,956,518.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Silver Point Capital L.P. sold 11,000 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $111.70, for a total transaction of $1,228,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 202,528 shares of company stock worth $23,459,823. Corporate insiders own 1.10% 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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