Cooper-Standard (NYSE:CPS) Director Acquires $45,193.50 in Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) Director David John Mastrocola acquired 1,494 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $30.25 per share, for a total transaction of $45,193.50. Following the completion of the acquisition, the director owned 21,609 shares in the company, valued at approximately $653,672.25. This trade represents a 7.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

David John Mastrocola also recently made the following trade(s):

• On Friday, March 13th, David John Mastrocola bought 3,391 shares of Cooper-Standard stock. The stock was bought at an average price of $29.77 per share, with a total value of $100,950.07.
• On Wednesday, March 11th, David John Mastrocola purchased 2,000 shares of Cooper-Standard stock. The shares were bought at an average cost of $31.00 per share, with a total value of $62,000.00.

Cooper-Standard Price Performance

CPS stock traded down $1.05 on Friday, hitting $29.24. 220,566 shares of the company were exchanged, compared to its average volume of 290,232. The stock has a market capitalization of $515.85 million, a price-to-earnings ratio of -121.85 and a beta of 1.88. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $47.98. The business’s fifty day moving average is $34.67 and its two-hundred day moving average is $34.23.

Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Friday, February 13th. The auto parts company reported ($1.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The firm had revenue of $672.37 million for the quarter, compared to the consensus estimate of $641.51 million.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CPS shares. Zacks Research upgraded Cooper-Standard from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings cut Cooper-Standard from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Stifel Nicolaus increased their target price on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Citigroup raised their price target on shares of Cooper-Standard from $35.00 to $43.65 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, February 22nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cooper-Standard has an average rating of “Hold” and an average target price of $43.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CPS. State of Alaska Department of Revenue purchased a new stake in shares of Cooper-Standard in the third quarter worth about $30,000. Geneos Wealth Management Inc. grew its stake in shares of Cooper-Standard by 60.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company’s stock valued at $39,000 after buying an additional 682 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Cooper-Standard by 136.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company’s stock valued at $53,000 after buying an additional 1,432 shares during the period. New York State Teachers Retirement System acquired a new position in Cooper-Standard during the 3rd quarter worth approximately $57,000. Finally, Abound Wealth Management acquired a new position in Cooper-Standard during the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

About Cooper-Standard

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.