Cooper-Standard Holdings Inc (CPS) Stake Lessened by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in Cooper-Standard Holdings Inc (NYSE:CPS) by 1.7% in the 1st quarter, HoldingsChannel reports. The firm owned 25,015 shares of the auto parts company’s stock after selling 442 shares during the quarter. Arizona State Retirement System’s holdings in Cooper-Standard were worth $1,175,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Ramsey Quantitative Systems bought a new position in shares of Cooper-Standard in the fourth quarter worth $154,000. Commonwealth Bank of Australia boosted its stake in Cooper-Standard by 28.6% during the fourth quarter. Commonwealth Bank of Australia now owns 2,700 shares of the auto parts company’s stock valued at $167,000 after buying an additional 600 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Cooper-Standard by 165.9% during the first quarter. BNP Paribas Arbitrage SA now owns 4,090 shares of the auto parts company’s stock valued at $192,000 after buying an additional 2,552 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Cooper-Standard by 44.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 4,304 shares of the auto parts company’s stock valued at $267,000 after buying an additional 1,328 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Cooper-Standard by 48.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,299 shares of the auto parts company’s stock valued at $329,000 after buying an additional 1,720 shares in the last quarter. 95.95% of the stock is owned by institutional investors.

Shares of CPS stock opened at $48.35 on Thursday. Cooper-Standard Holdings Inc has a fifty-two week low of $46.59 and a fifty-two week high of $146.77. The stock has a market cap of $867.36 million, a P/E ratio of 5.50 and a beta of 1.34. The company has a quick ratio of 1.24, a current ratio of 1.44 and a debt-to-equity ratio of 0.86.

Cooper-Standard (NYSE:CPS) last announced its earnings results on Wednesday, May 1st. The auto parts company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.33). Cooper-Standard had a net margin of 1.34% and a return on equity of 12.38%. The firm had revenue of $880.00 million for the quarter, compared to the consensus estimate of $887.56 million. During the same period in the prior year, the business earned $3.45 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. As a group, sell-side analysts predict that Cooper-Standard Holdings Inc will post 5.21 EPS for the current fiscal year.

In related news, CFO Jonathan P. Banas purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was acquired at an average price of $59.99 per share, for a total transaction of $59,990.00. Following the transaction, the chief financial officer now directly owns 1,583 shares of the company’s stock, valued at approximately $94,964.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sharon Wenzl sold 600 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $52.62, for a total value of $31,572.00. Following the completion of the transaction, the insider now owns 1,004 shares of the company’s stock, valued at approximately $52,830.48. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

CPS has been the subject of several research reports. Zacks Investment Research cut Cooper-Standard from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 23rd. ValuEngine cut Cooper-Standard from a “hold” rating to a “sell” rating in a research note on Wednesday. Bank of America reaffirmed an “underperform” rating and set a $40.00 target price (down previously from $63.00) on shares of Cooper-Standard in a research note on Wednesday, February 20th. Roth Capital decreased their target price on Cooper-Standard from $76.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, Seaport Global Securities initiated coverage on Cooper-Standard in a research note on Wednesday, February 13th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $61.00.

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Cooper-Standard Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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

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