Cooper-Standard Automotive (NYSE:CPS) VP Sells $1,961,760.00 in Stock

Cooper-Standard Automotive (NYSE:CPS) VP Keith Dwayne Stephenson sold 16,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $122.61, for a total transaction of $1,961,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Cooper-Standard Automotive stock opened at $126.57 on Friday. Cooper-Standard Automotive has a 52-week low of $95.33 and a 52-week 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. The stock has a market cap of $2,296.47, a PE ratio of 11.57 and a beta of 0.74.

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Cooper-Standard Automotive (NYSE:CPS) last issued its quarterly earnings results on Thursday, February 15th. The auto parts company reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.24. Cooper-Standard Automotive had a net margin of 3.74% and a return on equity of 25.31%. The business had revenue of $937.90 million for the quarter, compared to analyst estimates of $912.01 million. During the same period in the previous year, the business posted $2.80 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. equities analysts anticipate that Cooper-Standard Automotive will post 11.32 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Elkfork Partners LLC acquired a new position in Cooper-Standard Automotive during the fourth quarter worth about $186,000. Xact Kapitalforvaltning AB acquired a new position in Cooper-Standard Automotive during the fourth quarter worth about $228,000. Sterling Capital Management LLC grew its position in Cooper-Standard Automotive by 191.1% during the fourth quarter. Sterling Capital Management LLC now owns 27,902 shares of the auto parts company’s stock worth $3,418,000 after buying an additional 18,318 shares during the period. MetLife Investment Advisors LLC acquired a new position in Cooper-Standard Automotive during the fourth quarter worth about $1,011,000. Finally, Macquarie Group Ltd. grew its position in Cooper-Standard Automotive by 6.0% during the fourth quarter. Macquarie Group Ltd. now owns 19,350 shares of the auto parts company’s stock worth $2,370,000 after buying an additional 1,100 shares during the period. Institutional investors own 98.63% of the company’s stock.

CPS has been the subject of a number of research reports. Roth Capital upped their target price on shares of Cooper-Standard Automotive from $130.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Bank of America upped their target price on shares of Cooper-Standard Automotive from $85.00 to $90.00 and gave the company an “underperform” rating in a report on Friday, March 2nd. ValuEngine raised shares of Cooper-Standard Automotive from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 17th. Finally, Zacks Investment Research cut shares of Cooper-Standard Automotive from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $121.33.

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Cooper-Standard Automotive Company 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.

Insider Buying and Selling by Quarter for Cooper-Standard Automotive (NYSE:CPS)

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