Elkfork Partners LLC purchased a new stake in Cooper-Standard Automotive (NYSE:CPS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,518 shares of the auto parts company’s stock, valued at approximately $186,000.
Several other institutional investors have also bought and sold shares of CPS. Dean Capital Investments Management LLC purchased a new stake in shares of Cooper-Standard Automotive in the fourth quarter valued at approximately $216,000. Sawgrass Asset Management LLC purchased a new stake in shares of Cooper-Standard Automotive in the fourth quarter valued at approximately $227,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Cooper-Standard Automotive in the fourth quarter valued at approximately $228,000. Janney Montgomery Scott LLC purchased a new stake in shares of Cooper-Standard Automotive in the third quarter valued at approximately $240,000. Finally, Balter Liquid Alternatives LLC purchased a new stake in shares of Cooper-Standard Automotive in the fourth quarter valued at approximately $255,000. Hedge funds and other institutional investors own 98.63% of the company’s stock.
In other news, insider Aleksandra A. Miziolek sold 1,700 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $123.95, for a total value of $210,715.00. Following the completion of the transaction, the insider now directly owns 2,709 shares of the company’s stock, valued at $335,780.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Keith Dwayne Stephenson sold 16,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $122.61, for a total value of $1,961,760.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,530 shares of company stock worth $2,764,102. 1.10% of the stock is owned by company insiders.
A number of analysts recently weighed in on CPS shares. Bank of America lifted their price target on Cooper-Standard Automotive from $85.00 to $90.00 and gave the company an “underperform” rating in a research note on Friday, March 2nd. Zacks Investment Research downgraded Cooper-Standard Automotive from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Roth Capital lifted their price target on Cooper-Standard Automotive from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, ValuEngine upgraded Cooper-Standard Automotive from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $121.33.
CPS opened at $128.19 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.52 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2,218.01, a price-to-earnings ratio of 11.57 and a beta of 0.74. Cooper-Standard Automotive has a one year low of $95.33 and a one year high of $135.00.
Cooper-Standard Automotive (NYSE:CPS) last posted its earnings results on Thursday, February 15th. The auto parts company reported $3.42 EPS for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.24. The company had revenue of $937.90 million for the quarter, compared to the consensus estimate of $912.01 million. Cooper-Standard Automotive had a return on equity of 25.31% and a net margin of 3.74%. Cooper-Standard Automotive’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.80 earnings per share. equities analysts anticipate that Cooper-Standard Automotive will post 11.32 earnings per share for the current year.
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Cooper-Standard Automotive Profile
Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.
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