Cooper-Standard (NYSE:CPS) Stock Price Down 3.9% – Time to Sell?

Cooper-Standard Holdings Inc. (NYSE:CPS) traded down 3.9% during trading on Monday . The stock traded as low as $33.39 and last traded at $33.44. 45,951 shares were traded during trading, a decline of 82% from the average session volume of 256,859 shares. The stock had previously closed at $34.81.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Cooper-Standard from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cooper-Standard in a report on Monday. Stifel Nicolaus raised their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, Citigroup increased their target price on Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.00.

Cooper-Standard Trading Down 0.3%

The stock has a market capitalization of $579.30 million, a P/E ratio of 18.04 and a beta of 1.95. The stock’s fifty day moving average price is $32.19 and its two-hundred day moving average price is $30.33.

Cooper-Standard (NYSE:CPS) last released its earnings results on Friday, October 31st. The auto parts company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.50 by ($0.74). The company had revenue of $695.50 million for the quarter, compared to the consensus estimate of $698.83 million.

Insider Activity at Cooper-Standard

In related news, Director David John Mastrocola bought 2,000 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $29.05 per share, with a total value of $58,100.00. Following the purchase, the director owned 18,115 shares in the company, valued at approximately $526,240.75. The trade was a 12.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On Cooper-Standard

A number of large investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in Cooper-Standard in the third quarter valued at approximately $633,000. Caxton Associates LLP bought a new stake in Cooper-Standard during the 3rd quarter valued at $1,221,000. Qube Research & Technologies Ltd raised its holdings in Cooper-Standard by 243.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 46,356 shares of the auto parts company’s stock valued at $1,712,000 after buying an additional 32,862 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Cooper-Standard by 126.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 63,504 shares of the auto parts company’s stock valued at $2,345,000 after buying an additional 35,413 shares during the period. Finally, Occudo Quantitative Strategies LP purchased a new stake in Cooper-Standard during the 3rd quarter valued at $263,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.