Cooper-Standard Holdings Inc. (NYSE:CPS) – Analysts at Seaport Global Securities dropped their Q3 2017 EPS estimates for shares of Cooper-Standard Holdings in a report issued on Thursday. Seaport Global Securities analyst M. Ward now anticipates that the auto parts company will post earnings of $2.22 per share for the quarter, down from their previous estimate of $2.50. Seaport Global Securities also issued estimates for Cooper-Standard Holdings’ Q4 2017 earnings at $2.94 EPS.
Other equities research analysts also recently issued reports about the company. ValuEngine downgraded Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research report on Monday, October 9th. Finally, BidaskClub upgraded Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $111.20.
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Cooper-Standard Holdings (NYSE CPS) opened at 115.05 on Monday. Cooper-Standard Holdings has a 1-year low of $82.50 and a 1-year high of $118.60. The company has a 50-day moving average price of $108.96 and a 200 day moving average price of $106.24. The stock has a market capitalization of $2.04 billion, a P/E ratio of 14.49 and a beta of 0.77.
Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The firm had revenue of $909.10 million during the quarter, compared to the consensus estimate of $884.02 million. During the same period last year, the business posted $2.85 EPS. Cooper-Standard Holdings’s quarterly revenue was up 3.4% on a year-over-year basis.
In other news, insider Aleksandra A. Miziolek sold 865 shares of the 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 owns 866 shares in the company, valued at approximately $87,466. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Silver Point Capital L.P. sold 3,000 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $117.01, for a total value of $351,030.00. The disclosure for this sale can be found here. Insiders have sold a total of 215,365 shares of company stock valued at $24,778,005 in the last quarter. Insiders own 1.10% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position 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 valued at $3,308,000 after acquiring an additional 136 shares during the last quarter. Verition Fund Management LLC lifted its position 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 valued at $385,000 after acquiring 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 valued at $389,000. Ameritas Investment Partners Inc. lifted its position 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 valued at $155,000 after acquiring an additional 259 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position 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 valued at $3,132,000 after acquiring an additional 1,858 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.
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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