Ameriprise Financial Inc. trimmed its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 366,675 shares of the auto parts company’s stock after selling 59,856 shares during the quarter. Ameriprise Financial Inc. owned approximately 2.09% of Cooper-Standard worth $42,523,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its stake in shares of Cooper-Standard by 78.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock worth $116,000 after buying an additional 500 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Cooper-Standard 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 buying an additional 632 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Cooper-Standard during the 2nd quarter worth approximately $146,000. Flinton Capital Management LLC raised its stake in shares of Cooper-Standard by 66.7% during the 2nd quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock worth $155,000 after buying an additional 616 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Cooper-Standard by 20.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock worth $155,000 after buying an additional 259 shares during the period. 95.88% of the stock is owned by institutional investors and hedge funds.

In other Cooper-Standard news, VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total value of $1,470,560.00. Following the completion of the sale, the vice president now directly owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 11,000 shares of the firm’s stock in a transaction 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. Over the last three months, insiders sold 209,950 shares of company stock valued at $24,347,124. 1.10% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on the company. KeyCorp reaffirmed a “hold” rating on shares of Cooper-Standard in a research note on Friday, November 17th. Zacks Investment Research raised Cooper-Standard from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Goldman Sachs Group downgraded Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price objective for the company. in a research note on Monday, October 16th. Buckingham Research reduced their price objective on Cooper-Standard from $131.00 to $129.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Finally, Roth Capital increased their price objective on Cooper-Standard from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $117.17.

Cooper-Standard Holdings Inc. (NYSE:CPS) opened at $123.70 on Friday. Cooper-Standard Holdings Inc. has a 52 week low of $95.03 and a 52 week high of $128.52. 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 capitalization of $2,210.11, a price-to-earnings ratio of 12.05, a P/E/G ratio of 2.39 and a beta of 0.79.

Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.25). Cooper-Standard had a net margin of 3.88% and a return on equity of 24.99%. The firm had revenue of $869.02 million during the quarter, compared to analyst estimates of $844.14 million. During the same period in the prior year, the company posted $2.48 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. equities analysts predict that Cooper-Standard Holdings Inc. will post 10.75 earnings per share for the current year.

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Cooper-Standard 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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Institutional Ownership by Quarter for Cooper-Standard (NYSE:CPS)

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