Zacks Investment Research lowered shares of Cooper-Standard Holdings Inc. (NYSE:CPS) from a strong-buy rating to a hold rating in a research report report published on Monday morning.
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. “
Other research analysts have also recently issued reports about the company. Roth Capital set a $115.00 price objective on Cooper-Standard Holdings and gave the company a buy rating in a report on Sunday, September 18th. Seaport Global Securities began coverage on Cooper-Standard Holdings in a research report on Tuesday, August 9th. They issued a buy rating and a $108.00 target price on the stock. Jefferies Group cut their target price on Cooper-Standard Holdings from $105.00 to $96.00 and set a buy rating on the stock in a research report on Monday, August 1st. Goldman Sachs Group Inc. began coverage on Cooper-Standard Holdings in a research report on Tuesday, June 14th. They issued a neutral rating and a $95.00 target price on the stock. Finally, Buckingham Research lowered Cooper-Standard Holdings from a buy rating to a neutral rating and boosted their target price for the company from $101.00 to $105.00 in a research report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $102.43.
Shares of Cooper-Standard Holdings (NYSE:CPS) opened at 98.55 on Monday. The company has a market cap of $1.71 billion, a PE ratio of 14.54 and a beta of 0.62. Cooper-Standard Holdings has a 12 month low of $62.87 and a 12 month high of $107.94. The firm’s 50-day moving average price is $100.99 and its 200 day moving average price is $87.76.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, July 28th. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.61. Cooper-Standard Holdings had a return on equity of 31.20% and a net margin of 3.68%. The firm had revenue of $879.30 million for the quarter, compared to analysts’ expectations of $875.98 million. Cooper-Standard Holdings’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Cooper-Standard Holdings will post $10.18 earnings per share for the current fiscal year.
In related news, insider Hill Advisors Genpar L.P. Oak sold 715,473 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $87.01, for a total value of $62,253,305.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Silver Point Capital L.P. sold 570,000 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $89.30, for a total value of $50,901,000.00. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Cooper-Standard Holdings by 731,852.4% in the second quarter. JPMorgan Chase & Co. now owns 307,420 shares of the company’s stock valued at $24,283,000 after buying an additional 307,378 shares during the period. Numeric Investors LLC raised its position in Cooper-Standard Holdings by 285.3% in the second quarter. Numeric Investors LLC now owns 389,491 shares of the company’s stock valued at $30,766,000 after buying an additional 288,391 shares during the period. Dimensional Fund Advisors LP raised its position in Cooper-Standard Holdings by 58.1% in the second quarter. Dimensional Fund Advisors LP now owns 499,795 shares of the company’s stock valued at $39,478,000 after buying an additional 183,591 shares during the period. Prudential Financial Inc. raised its position in Cooper-Standard Holdings by 266.7% in the second quarter. Prudential Financial Inc. now owns 176,814 shares of the company’s stock valued at $13,967,000 after buying an additional 128,600 shares during the period. Finally, Vanguard Group Inc. raised its position in Cooper-Standard Holdings by 9.0% in the second quarter. Vanguard Group Inc. now owns 1,345,386 shares of the company’s stock valued at $106,272,000 after buying an additional 110,693 shares during the period. 96.91% of the stock is currently owned by hedge funds and other institutional investors.
About Cooper-Standard Holdings
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.