Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $105.76, for a total value of $52,880.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Silver Point Capital L.P. also recently made the following trade(s):
- On Monday, July 17th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $108.46, for a total value of $1,735,360.00.
- On Tuesday, July 18th, Silver Point Capital L.P. sold 26,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $108.50, for a total value of $2,821,000.00.
- On Thursday, July 13th, Silver Point Capital L.P. sold 100,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.25, for a total value of $10,525,000.00.
- On Friday, July 14th, Silver Point Capital L.P. sold 110,500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.42, for a total value of $11,648,910.00.
- On Friday, June 9th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $110.47, for a total value of $1,767,520.00.
- On Friday, June 2nd, Silver Point Capital L.P. sold 20,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $110.89, for a total value of $2,217,800.00.
- On Friday, May 26th, Silver Point Capital L.P. sold 10,000 shares of Cooper-Standard Holdings stock. The shares were sold at an average price of $112.66, for a total value of $1,126,600.00.
- On Thursday, April 27th, Silver Point Capital L.P. sold 62,500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $112.88, for a total value of $7,055,000.00.
- On Monday, April 24th, Silver Point Capital L.P. sold 43,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $109.68, for a total value of $4,716,240.00.
Cooper-Standard Holdings Inc. (CPS) traded down 0.55% during midday trading on Thursday, reaching $98.79. The company had a trading volume of 49,062 shares. The stock’s 50 day moving average price is $102.98 and its 200-day moving average price is $107.49. The firm has a market capitalization of $1.76 billion, a P/E ratio of 12.42 and a beta of 0.72. Cooper-Standard Holdings Inc. has a one year low of $82.50 and a one year high of $118.59.
Cooper-Standard Holdings (NYSE:CPS) last announced its earnings results on Thursday, May 4th. The auto parts company reported $2.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.43. Cooper-Standard Holdings had a net margin of 4.27% and a return on equity of 28.80%. The firm had revenue of $902.05 million for the quarter, compared to analyst estimates of $866.38 million. On average, equities research analysts anticipate that Cooper-Standard Holdings Inc. will post $10.76 earnings per share for the current year.
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Several brokerages have recently weighed in on CPS. Zacks Investment Research downgraded Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Bank of America Corporation reissued an “underperform” rating and issued a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. ValuEngine downgraded Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $117.00 price objective on shares of Cooper-Standard Holdings in a research report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $109.43.
Hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC increased its stake in shares of Cooper-Standard Holdings by 7.3% in the first quarter. Mason Street Advisors LLC now owns 4,139 shares of the auto parts company’s stock worth $459,000 after buying an additional 281 shares during the period. Capstone Asset Management Co. increased its position in Cooper-Standard Holdings by 6.2% in the first quarter. Capstone Asset Management Co. now owns 5,921 shares of the auto parts company’s stock valued at $657,000 after buying an additional 347 shares during the last quarter. State Street Corp increased its position in Cooper-Standard Holdings by 9.6% in the fourth quarter. State Street Corp now owns 344,101 shares of the auto parts company’s stock valued at $35,571,000 after buying an additional 30,061 shares during the last quarter. Ameriprise Financial Inc. increased its position in Cooper-Standard Holdings by 4.9% in the first quarter. Ameriprise Financial Inc. now owns 452,525 shares of the auto parts company’s stock valued at $50,196,000 after buying an additional 20,962 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in Cooper-Standard Holdings by 29.8% in the first quarter. Wells Fargo & Company MN now owns 220,521 shares of the auto parts company’s stock valued at $24,462,000 after buying an additional 50,660 shares during the last quarter. 94.94% of the stock is owned by institutional investors.
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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