Royal Bank of Canada cut its holdings in shares of Cooper-Standard Holdings Inc. (NYSE:CPS) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,894 shares of the company’s stock after selling 403 shares during the period. Royal Bank of Canada’s holdings in Cooper-Standard Holdings were worth $494,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Stifel Financial Corp boosted its position in Cooper-Standard Holdings by 15.4% during the 2nd quarter. Stifel Financial Corp now owns 113,517 shares of the company’s stock worth $11,463,000 after buying an additional 15,157 shares during the period. Voya Investment Management LLC boosted its position in Cooper-Standard Holdings by 7.2% during the 2nd quarter. Voya Investment Management LLC now owns 27,672 shares of the company’s stock worth $2,791,000 after buying an additional 1,864 shares during the period. OxFORD Asset Management LLP boosted its position in Cooper-Standard Holdings by 48.5% during the 2nd quarter. OxFORD Asset Management LLP now owns 34,283 shares of the company’s stock worth $3,458,000 after buying an additional 11,197 shares during the period. Dimensional Fund Advisors LP boosted its position in Cooper-Standard Holdings by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 815,147 shares of the company’s stock worth $82,224,000 after buying an additional 21,750 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Cooper-Standard Holdings by 23.6% in the 2nd quarter. Renaissance Technologies LLC now owns 415,200 shares of the company’s stock worth $41,881,000 after purchasing an additional 79,200 shares during the period. Institutional investors and hedge funds own 95.50% of the company’s stock.
Cooper-Standard Holdings Inc. (NYSE CPS) opened at C$120.12 on Monday. The stock has a market cap of $2,105.80, a P/E ratio of 11.48, a PEG ratio of 2.27 and a beta of 0.74. Cooper-Standard Holdings Inc. has a 1 year low of C$87.10 and a 1 year high of C$120.64. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.75 and a quick ratio of 1.52.
Cooper-Standard Holdings (NYSE:CPS) last issued its quarterly earnings results on Tuesday, October 31st. The company reported C$2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$2.36 by C($0.25). The firm had revenue of C$869.02 million during the quarter, compared to analyst estimates of C$844.14 million. Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.48 EPS. equities research analysts forecast that Cooper-Standard Holdings Inc. will post 10.75 earnings per share for the current fiscal year.
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In other news, insider Aleksandra A. Miziolek sold 865 shares of Cooper-Standard Holdings stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of C$101.00, for a total value of C$87,365.00. Following the completion of the sale, the insider now owns 866 shares in the company, valued at approximately C$87,466. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 62,000 shares of Cooper-Standard Holdings stock in a transaction on Friday, September 29th. The shares were sold at an average price of C$116.67, for a total transaction of C$7,233,540.00. The disclosure for this sale can be found here. Insiders sold a total of 200,365 shares of company stock valued at $23,185,705 in the last quarter. 1.10% of the stock is currently owned by company insiders.
CPS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Roth Capital boosted their price target on shares of Cooper-Standard Holdings from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Goldman Sachs Group, Inc. (The) downgraded 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. Finally, Buckingham Research dropped 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$117.17.
About Cooper-Standard Holdings
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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