Song Min Lee Buys 3,000 Shares of Cooper-Standard Holdings Inc (NYSE:CPS) Stock

Cooper-Standard Holdings Inc (NYSE:CPS) SVP Song Min Lee acquired 3,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average cost of $33.27 per share, for a total transaction of $99,810.00. Following the completion of the transaction, the senior vice president now owns 16,784 shares in the company, valued at approximately $558,403.68. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of CPS stock traded up $0.76 during trading hours on Thursday, hitting $34.06. 2,084 shares of the company’s stock traded hands, compared to its average volume of 264,051. The stock’s fifty day simple moving average is $42.69 and its two-hundred day simple moving average is $50.11. Cooper-Standard Holdings Inc has a 12-month low of $30.82 and a 12-month high of $144.16. The stock has a market cap of $575.33 million, a price-to-earnings ratio of 3.91 and a beta of 1.58. The company has a quick ratio of 1.49, a current ratio of 1.75 and a debt-to-equity ratio of 0.84.

Cooper-Standard (NYSE:CPS) last released its earnings results on Thursday, August 1st. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.80). Cooper-Standard had a net margin of 4.47% and a return on equity of 7.13%. The business had revenue of $764.81 million for the quarter, compared to analysts’ expectations of $832.61 million. During the same quarter in the previous year, the business posted $2.74 earnings per share. Cooper-Standard’s revenue for the quarter was down 17.6% on a year-over-year basis. On average, equities analysts forecast that Cooper-Standard Holdings Inc will post 3.48 earnings per share for the current fiscal year.

CPS has been the topic of several research reports. Goldman Sachs Group cut Cooper-Standard from a “neutral” rating to a “sell” rating and cut their price objective for the company from $51.00 to $36.00 in a research report on Thursday, June 13th. Buckingham Research cut their price objective on Cooper-Standard from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. ValuEngine cut Cooper-Standard from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. Finally, Roth Capital lowered their target price on shares of Cooper-Standard from $76.00 to $60.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Four research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Cooper-Standard presently has an average rating of “Hold” and an average target price of $48.00.

Several hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC purchased a new stake in Cooper-Standard in the 2nd quarter worth about $3,789,000. Bank of America Corp DE raised its position in Cooper-Standard by 50.6% in the 2nd quarter. Bank of America Corp DE now owns 269,417 shares of the auto parts company’s stock worth $12,344,000 after purchasing an additional 90,525 shares during the period. Vanguard Group Inc. grew its stake in Cooper-Standard by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,801,466 shares of the auto parts company’s stock worth $82,543,000 after acquiring an additional 28,288 shares in the last quarter. A.R.T. Advisors LLC bought a new position in Cooper-Standard in the 2nd quarter worth about $840,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in Cooper-Standard by 23.1% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 208,926 shares of the auto parts company’s stock worth $9,573,000 after acquiring an additional 39,273 shares in the last quarter. Hedge funds and other institutional investors own 99.49% of the company’s stock.

About Cooper-Standard

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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Insider Buying and Selling by Quarter for Cooper-Standard (NYSE:CPS)

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