Cooper-Standard Holdings Inc (CPS) Stake Decreased by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its holdings in Cooper-Standard Holdings Inc (NYSE:CPS) by 12.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,356 shares of the auto parts company’s stock after selling 27,568 shares during the quarter. Allianz Asset Management GmbH owned about 1.11% of Cooper-Standard worth $22,540,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CPS. Alliancebernstein L.P. boosted its position in shares of Cooper-Standard by 2,433.2% in the 2nd quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock worth $53,149,000 after purchasing an additional 506,102 shares in the last quarter. BlackRock Inc. boosted its position in shares of Cooper-Standard by 6.3% in the 2nd quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock worth $222,489,000 after purchasing an additional 129,820 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Cooper-Standard in the 3rd quarter worth $11,413,000. Renaissance Technologies LLC boosted its position in shares of Cooper-Standard by 23.6% in the 2nd quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock worth $41,881,000 after purchasing an additional 79,200 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Cooper-Standard by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock worth $205,384,000 after purchasing an additional 68,126 shares in the last quarter. 96.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Cooper-Standard Holdings Inc (CPS) opened at $116.71 on Tuesday. Cooper-Standard Holdings Inc has a 52-week low of $95.33 and a 52-week high of $128.52. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.75. The company has a market capitalization of $2,068.28, a PE ratio of 11.28, a price-to-earnings-growth ratio of 2.22 and a beta of 0.80.

Cooper-Standard (NYSE:CPS) last issued its quarterly earnings results on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing the Zacks’ consensus estimate of $2.36 by ($0.25). Cooper-Standard had a return on equity of 24.99% and a net margin of 3.88%. The firm had revenue of $869.02 million for the quarter, compared to analyst estimates of $844.14 million. During the same period in the prior year, the firm posted $2.48 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. equities analysts forecast that Cooper-Standard Holdings Inc will post 10.84 earnings per share for the current year.

In related news, major shareholder Silver Point Capital L.P. sold 62,000 shares of Cooper-Standard stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $116.67, for a total value of $7,233,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Keith Dwayne Stephenson sold 14,000 shares of Cooper-Standard stock in a transaction dated 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 completion of the transaction, the vice president now owns 63,584 shares of the company’s stock, valued at approximately $6,678,863.36. The disclosure for this sale can be found here. Insiders have sold a total of 209,950 shares of company stock valued at $24,347,124 in the last quarter. Company insiders own 1.10% of the company’s stock.

CPS has been the subject of a number of recent analyst reports. Zacks Investment Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Goldman Sachs Group cut Cooper-Standard 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 from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Roth Capital lifted their price target on Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $117.17.

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Cooper-Standard 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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Institutional Ownership by Quarter for Cooper-Standard (NYSE:CPS)

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