Cooper-Standard (NYSE:CPS) CFO Purchases $17,250.00 in Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) CFO Jonathan Banas bought 1,000 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average price of $17.25 per share, with a total value of $17,250.00. Following the completion of the acquisition, the chief financial officer directly owned 68,277 shares in the company, valued at $1,177,778.25. This trade represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cooper-Standard Stock Down 4.0%

NYSE CPS opened at $18.95 on Thursday. The stock has a 50-day moving average of $21.79 and a two-hundred day moving average of $28.20. Cooper-Standard Holdings Inc. has a 1-year low of $16.91 and a 1-year high of $47.98.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.85). The firm had revenue of $708.59 million for the quarter, compared to analyst estimates of $704.13 million. On average, sell-side analysts forecast that Cooper-Standard Holdings Inc. will post 0.71 EPS for the current year.

Hedge Funds Weigh In On Cooper-Standard

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in shares of Cooper-Standard during the second quarter worth about $47,000. Great Hill Capital LLC raised its holdings in Cooper-Standard by 1.0% in the third quarter. Great Hill Capital LLC now owns 333,080 shares of the auto parts company’s stock valued at $6,941,000 after acquiring an additional 3,342 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Cooper-Standard by 5.8% in the second quarter. Squarepoint Ops LLC now owns 72,214 shares of the auto parts company’s stock valued at $1,953,000 after acquiring an additional 3,942 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Cooper-Standard by 53.4% in the first quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company’s stock worth $342,000 after acquiring an additional 4,275 shares during the last quarter. Finally, State of Wyoming purchased a new position in Cooper-Standard in the second quarter worth approximately $127,000. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Cooper-Standard from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday. Citigroup decreased their price target on shares of Cooper-Standard from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday. Freedom Broker dropped their price target on shares of Cooper-Standard from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Monday. Weiss Ratings lowered Cooper-Standard from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. Finally, Zacks Research lowered Cooper-Standard from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cooper-Standard presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc. is a global supplier of systems and components for the automotive industry. Its products are designed for use in passenger vehicles and commercial vehicles, and the company serves automakers and other transportation customers. The company’s main businesses are sealing systems and fluid-handling systems. Sealing products help protect vehicle interiors and manage noise, vibration and harshness, while fluid-handling products—including hoses and tubing—support vehicle systems such as braking, fuel delivery, heating and cooling.