Cooper-Standard Holdings Inc. (NYSE:CPS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, October 25th.
According to Zacks, “Cooper-Standard Holdings Inc. operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. The company markets its products directly to automotive original equipment manufacturers, tier I and tier II suppliers, and non-automotive manufacturers. Cooper-Standard Holdings Inc. is headquartered in Novi, Michigan. “
A number of other equities research analysts have also commented on CPS. Goldman Sachs Group, Inc. (The) lowered Cooper-Standard Holdings from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research report on Monday, October 16th. Buckingham Research lowered their price target on Cooper-Standard Holdings from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Finally, BidaskClub raised Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $117.17.
Shares of Cooper-Standard Holdings (CPS) traded up $0.35 during trading hours on Wednesday, hitting $120.12. The stock had a trading volume of 119,600 shares, compared to its average volume of 125,476. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.75 and a quick ratio of 1.52. Cooper-Standard Holdings has a one year low of $87.10 and a one year high of $120.64. The firm has a market capitalization of $2,099.66, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74.
Cooper-Standard Holdings (NYSE:CPS) last issued its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). The firm had revenue of $869.02 million for the quarter, compared to analyst estimates of $844.14 million. Cooper-Standard Holdings had a return on equity of 24.99% and a net margin of 3.88%. Cooper-Standard Holdings’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.48 earnings per share. research analysts anticipate that Cooper-Standard Holdings will post 10.75 EPS for the current year.
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In other news, insider Aleksandra A. Miziolek sold 865 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $101.00, for a total transaction of $87,365.00. Following the completion of the sale, the insider now directly owns 866 shares of the company’s stock, valued at approximately $87,466. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Keith Dwayne Stephenson sold 14,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $105.04, for a total value of $1,470,560.00. Following the sale, the vice president now directly owns 63,584 shares of the company’s stock, valued at $6,678,863.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 200,365 shares of company stock valued at $23,185,705. Insiders own 1.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Suntrust Banks Inc. grew its stake in shares of Cooper-Standard Holdings by 1.7% during the 2nd quarter. Suntrust Banks Inc. now owns 2,889 shares of the auto parts company’s stock worth $291,000 after acquiring an additional 49 shares during the period. CS Mckee LP grew its stake in shares of Cooper-Standard Holdings by 0.4% during the 2nd quarter. CS Mckee LP now owns 13,550 shares of the auto parts company’s stock worth $1,367,000 after acquiring an additional 50 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Cooper-Standard Holdings by 1.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,863 shares of the auto parts company’s stock worth $390,000 after acquiring an additional 52 shares during the period. Louisiana State Employees Retirement System boosted its stake in Cooper-Standard Holdings by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the auto parts company’s stock worth $736,000 after purchasing an additional 100 shares during the period. Finally, Arizona State Retirement System boosted its stake in Cooper-Standard Holdings by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 9,300 shares of the auto parts company’s stock worth $938,000 after purchasing an additional 100 shares during the period. Institutional investors own 95.68% of the company’s stock.
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.
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