Cooper-Standard Holdings Inc. (CPS) Major Shareholder Silver Point Capital L.P. Sells 3,000 Shares

Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 3,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $117.01, for a total transaction of $351,030.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Tuesday, October 3rd, Silver Point Capital L.P. sold 7,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $117.51, for a total transaction of $822,570.00.
  • On Monday, October 2nd, Silver Point Capital L.P. sold 17,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $117.39, for a total transaction of $1,995,630.00.
  • On Wednesday, October 4th, Silver Point Capital L.P. sold 30,500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $117.42, for a total transaction of $3,581,310.00.
  • On Thursday, September 28th, Silver Point Capital L.P. sold 25,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $117.04, for a total transaction of $2,926,000.00.
  • On Wednesday, September 27th, Silver Point Capital L.P. sold 30,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $116.30, for a total transaction of $3,489,000.00.
  • On Friday, September 29th, Silver Point Capital L.P. sold 62,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $116.67, for a total transaction of $7,233,540.00.
  • On Monday, July 17th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.46, for a total transaction of $1,735,360.00.
  • On Tuesday, July 18th, Silver Point Capital L.P. sold 26,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.50, for a total transaction 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 transaction of $10,525,000.00.
  • On Wednesday, July 12th, Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.76, for a total transaction of $52,880.00.

Cooper-Standard Holdings Inc. (CPS) opened at 114.38 on Wednesday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.41 and a beta of 0.77. The firm has a 50-day moving average of $107.48 and a 200 day moving average of $106.13. Cooper-Standard Holdings Inc. has a 12-month low of $82.50 and a 12-month high of $118.60.

Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The company had revenue of $909.10 million for the quarter, compared to analysts’ expectations of $884.02 million. During the same period last year, the company earned $2.85 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Cooper-Standard Holdings Inc. will post $10.70 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in shares of Cooper-Standard Holdings by 0.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,799 shares of the auto parts company’s stock worth $3,308,000 after purchasing an additional 136 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Cooper-Standard Holdings by 35.4% during the 2nd quarter. Verition Fund Management LLC now owns 3,818 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 998 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Cooper-Standard Holdings during the 2nd quarter worth about $389,000. Ameritas Investment Partners Inc. boosted its stake in shares of Cooper-Standard Holdings by 20.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 259 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Cooper-Standard Holdings by 6.4% during the 2nd quarter. California State Teachers Retirement System now owns 31,054 shares of the auto parts company’s stock worth $3,132,000 after purchasing an additional 1,858 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on CPS shares. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research report on Monday. ValuEngine lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. BidaskClub upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Bank of America Corporation restated an “underperform” rating and set a $85.00 price target (down from $94.00) on shares of Cooper-Standard Holdings in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $111.20.

Cooper-Standard Holdings Company Profile

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.

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

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