Bessemer Group Inc. Has $1.87 Million Holdings in Cooper-Standard Holdings Inc (NYSE:CPS)

Bessemer Group Inc. cut its holdings in Cooper-Standard Holdings Inc (NYSE:CPS) by 26.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,300 shares of the auto parts company’s stock after selling 5,500 shares during the period. Bessemer Group Inc. owned approximately 0.09% of Cooper-Standard worth $1,874,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Teachers Advisors LLC grew its stake in Cooper-Standard by 24.6% during the second quarter. Teachers Advisors LLC now owns 32,387 shares of the auto parts company’s stock worth $3,267,000 after buying an additional 6,398 shares in the last quarter. Amalgamated Bank grew its stake in Cooper-Standard by 26.4% during the second quarter. Amalgamated Bank now owns 2,517 shares of the auto parts company’s stock worth $254,000 after buying an additional 525 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Cooper-Standard by 1.4% during the second quarter. PNC Financial Services Group Inc. now owns 3,863 shares of the auto parts company’s stock worth $390,000 after buying an additional 52 shares in the last quarter. New York State Common Retirement Fund grew its stake in Cooper-Standard by 5.1% during the second quarter. New York State Common Retirement Fund now owns 20,820 shares of the auto parts company’s stock worth $2,100,000 after buying an additional 1,011 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in Cooper-Standard by 29.1% during the second quarter. UBS Asset Management Americas Inc. now owns 8,736 shares of the auto parts company’s stock worth $881,000 after buying an additional 1,967 shares in the last quarter. Institutional investors and hedge funds own 96.16% of the company’s stock.

A number of brokerages have issued reports on CPS. Roth Capital increased their price objective on shares of Cooper-Standard from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. ValuEngine upgraded shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. KeyCorp reiterated a “hold” rating on shares of Cooper-Standard in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of Cooper-Standard from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group cut shares of Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $120.50.

In related news, SVP Song Min Lee sold 2,837 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $119.00, for a total value of $337,603.00. Following the completion of the transaction, the senior vice president now owns 12,163 shares in the company, valued at approximately $1,447,397. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sharon Wenzl sold 585 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $125.98, for a total transaction of $73,698.30. Following the completion of the transaction, the insider now owns 2,990 shares of the company’s stock, valued at approximately $376,680.20. The disclosure for this sale can be found here. Insiders sold 7,422 shares of company stock valued at $887,301 in the last three months. Company insiders own 1.10% of the company’s stock.

Cooper-Standard Holdings Inc (NYSE:CPS) traded down $2.03 during mid-day trading on Tuesday, hitting $112.70. 4,591 shares of the stock were exchanged, compared to its average volume of 92,505. The company has a market capitalization of $1,987.12, a PE ratio of 15.53, a P/E/G ratio of 2.02 and a beta of 0.75. 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 Inc has a 52-week low of $95.33 and a 52-week high of $135.00.

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About Cooper-Standard

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.

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

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