Global X Management Co. LLC trimmed its stake in Cooper-Standard Holdings Inc (NYSE:CPS) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,185 shares of the auto parts company’s stock after selling 1,961 shares during the quarter. Global X Management Co. LLC’s holdings in Cooper-Standard were worth $880,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of CPS. DekaBank Deutsche Girozentrale grew its holdings in Cooper-Standard by 78.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,139 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 500 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Cooper-Standard by 20.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,540 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 259 shares during the period. Financial Sense Advisors Inc. acquired a new stake in Cooper-Standard in the third quarter worth $203,000. Dean Capital Investments Management LLC acquired a new stake in Cooper-Standard in the fourth quarter worth $216,000. Finally, Parametrica Management Ltd acquired a new stake in Cooper-Standard in the third quarter worth $236,000. Institutional investors and hedge funds own 94.92% of the company’s stock.
CPS has been the subject of a number of research reports. Zacks Investment Research cut shares of Cooper-Standard from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Roth Capital raised their price target on shares of Cooper-Standard from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. KeyCorp reiterated a “hold” rating on shares of Cooper-Standard in a report on Friday, November 17th. Finally, ValuEngine upgraded shares of Cooper-Standard from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One equities 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $120.50.
In other news, insider Sharon Wenzl sold 585 shares of Cooper-Standard stock in a transaction dated 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 directly owns 2,990 shares in the company, valued at $376,680.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.
Cooper-Standard Holdings Inc (NYSE:CPS) opened at $121.10 on Tuesday. The stock has a market cap of $2,122.98, a PE ratio of 16.84, a PEG ratio of 2.16 and a beta of 0.75. Cooper-Standard Holdings Inc has a twelve month low of $95.33 and a twelve month high of $135.00. The company has a current ratio of 1.73, a quick ratio of 1.52 and a debt-to-equity ratio of 0.85.
Cooper-Standard (NYSE:CPS) last issued its quarterly earnings data on Thursday, February 15th. The auto parts company reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.24. The firm had revenue of $937.90 million during the quarter, compared to analysts’ expectations of $912.01 million. Cooper-Standard had a net margin of 3.74% and a return on equity of 25.31%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $2.80 earnings per share. sell-side analysts anticipate that Cooper-Standard Holdings Inc will post 11.42 EPS for the current fiscal year.
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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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