Renaissance Technologies LLC decreased its holdings in Cooper-Standard Automotive (NYSE:CPS) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 406,700 shares of the auto parts company’s stock after selling 52,300 shares during the period. Renaissance Technologies LLC owned about 2.32% of Cooper-Standard Automotive worth $49,821,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. LSV Asset Management raised its holdings in shares of Cooper-Standard Automotive by 3.4% in the fourth quarter. LSV Asset Management now owns 853,119 shares of the auto parts company’s stock valued at $104,507,000 after buying an additional 27,883 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Cooper-Standard Automotive by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 842,217 shares of the auto parts company’s stock worth $97,673,000 after purchasing an additional 27,070 shares in the last quarter. Rothschild Asset Management Inc. raised its holdings in Cooper-Standard Automotive by 6.6% during the third quarter. Rothschild Asset Management Inc. now owns 349,329 shares of the auto parts company’s stock worth $40,512,000 after purchasing an additional 21,504 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Cooper-Standard Automotive by 10.1% during the fourth quarter. Wells Fargo & Company MN now owns 246,945 shares of the auto parts company’s stock worth $30,250,000 after purchasing an additional 22,753 shares in the last quarter. Finally, Cortina Asset Management LLC purchased a new position in Cooper-Standard Automotive during the fourth quarter worth about $26,031,000. Hedge funds and other institutional investors own 98.63% of the company’s stock.
In other news, VP Keith Dwayne Stephenson sold 16,000 shares of Cooper-Standard Automotive stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $122.61, for a total value of $1,961,760.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Miguel Posada Juan Fernando De sold 4,830 shares of Cooper-Standard Automotive stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $122.49, for a total transaction of $591,626.70. The disclosure for this sale can be found here. Insiders have sold a total of 22,530 shares of company stock worth $2,764,102 over the last 90 days. 1.10% of the stock is owned by insiders.
Several research analysts have weighed in on CPS shares. Bank of America increased their price target on shares of Cooper-Standard Automotive from $85.00 to $90.00 and gave the company an “underperform” rating in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Cooper-Standard Automotive from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Roth Capital increased their price target on shares of Cooper-Standard Automotive from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, ValuEngine raised shares of Cooper-Standard Automotive from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $121.33.
Shares of NYSE CPS traded down $1.62 during midday trading on Friday, hitting $126.57. The company’s stock had a trading volume of 90,456 shares, compared to its average volume of 113,134. Cooper-Standard Automotive has a 1-year low of $95.33 and a 1-year high of $135.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.52 and a current ratio of 1.73. The firm has a market capitalization of $2,296.47, a PE ratio of 11.42 and a beta of 0.74.
Cooper-Standard Automotive (NYSE:CPS) last issued its quarterly earnings data on Thursday, February 15th. The auto parts company reported $3.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $937.90 million for the quarter, compared to the consensus estimate of $912.01 million. During the same period last year, the firm posted $2.80 EPS. Cooper-Standard Automotive’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts forecast 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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