Cooper-Standard Holdings Inc. (CPS) Major Shareholder Sells $11,648,910.00 in Stock

Cooper-Standard Holdings Inc. (NYSE:CPS) major shareholder Silver Point Capital L.P. sold 110,500 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $105.42, for a total value of $11,648,910.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Silver Point Capital L.P. also recently made the following trade(s):

  • On Monday, July 17th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.46, for a total value of $1,735,360.00.
  • On Tuesday, July 18th, Silver Point Capital L.P. sold 26,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $108.50, for a total value of $2,821,000.00.
  • On Thursday, July 13th, Silver Point Capital L.P. sold 100,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.25, for a total value of $10,525,000.00.
  • On Wednesday, July 12th, Silver Point Capital L.P. sold 500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $105.76, for a total value of $52,880.00.
  • On Friday, June 9th, Silver Point Capital L.P. sold 16,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $110.47, for a total value of $1,767,520.00.
  • On Friday, June 2nd, Silver Point Capital L.P. sold 20,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $110.89, for a total value of $2,217,800.00.
  • On Friday, May 26th, Silver Point Capital L.P. sold 10,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $112.66, for a total value of $1,126,600.00.
  • On Thursday, April 27th, Silver Point Capital L.P. sold 62,500 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $112.88, for a total value of $7,055,000.00.
  • On Monday, April 24th, Silver Point Capital L.P. sold 43,000 shares of Cooper-Standard Holdings stock. The stock was sold at an average price of $109.68, for a total value of $4,716,240.00.

Shares of Cooper-Standard Holdings Inc. (NYSE:CPS) traded down 0.27% during midday trading on Friday, hitting $100.17. The company had a trading volume of 141,214 shares. Cooper-Standard Holdings Inc. has a one year low of $82.50 and a one year high of $118.59. The company’s 50 day moving average is $102.46 and its 200 day moving average is $107.25. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 12.62 and a beta of 0.72.

Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.02. The company had revenue of $909.10 million during the quarter, compared to the consensus estimate of $884.02 million. Cooper-Standard Holdings had a return on equity of 26.90% and a net margin of 4.22%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 EPS. Equities analysts forecast that Cooper-Standard Holdings Inc. will post $10.67 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC increased its stake in Cooper-Standard Holdings by 7.3% in the first quarter. Mason Street Advisors LLC now owns 4,139 shares of the auto parts company’s stock valued at $459,000 after buying an additional 281 shares during the period. Capstone Asset Management Co. increased its stake in Cooper-Standard Holdings by 6.2% in the first quarter. Capstone Asset Management Co. now owns 5,921 shares of the auto parts company’s stock valued at $657,000 after buying an additional 347 shares during the period. State Street Corp boosted its position in Cooper-Standard Holdings by 9.6% in the fourth quarter. State Street Corp now owns 344,101 shares of the auto parts company’s stock valued at $35,571,000 after buying an additional 30,061 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Cooper-Standard Holdings by 4.9% in the first quarter. Ameriprise Financial Inc. now owns 452,525 shares of the auto parts company’s stock valued at $50,196,000 after buying an additional 20,962 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Cooper-Standard Holdings by 29.8% in the first quarter. Wells Fargo & Company MN now owns 220,521 shares of the auto parts company’s stock valued at $24,462,000 after buying an additional 50,660 shares in the last quarter. Institutional investors own 95.02% of the company’s stock.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Cooper-Standard Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Jefferies Group LLC reiterated a “hold” rating and set a $117.00 target price on shares of Cooper-Standard Holdings in a report on Wednesday, May 3rd. ValuEngine upgraded Cooper-Standard Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Bank of America Corporation reiterated an “underperform” rating and set a $85.00 target price (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. Finally, BidaskClub downgraded Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $109.67.

Cooper-Standard Holdings Company Profile

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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