Cooper-Standard Holdings Inc. (CPS) Stake Decreased by Rockshelter Capital Management LLC

Rockshelter Capital Management LLC reduced its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 15.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,869 shares of the auto parts company’s stock after selling 17,189 shares during the period. Cooper-Standard Holdings accounts for about 2.9% of Rockshelter Capital Management LLC’s portfolio, making the stock its 18th largest position. Rockshelter Capital Management LLC owned approximately 0.54% of Cooper-Standard Holdings worth $9,670,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CPS. Ameritas Investment Partners Inc. bought a new stake in shares of Cooper-Standard Holdings in the 1st quarter valued at about $142,000. Riverhead Capital Management LLC boosted its holdings in shares of Cooper-Standard Holdings by 79.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after buying an additional 632 shares in the last quarter. First Mercantile Trust Co. bought a new stake in shares of Cooper-Standard Holdings in the 2nd quarter valued at about $146,000. Flinton Capital Management LLC boosted its holdings in shares of Cooper-Standard Holdings by 66.7% in the 2nd quarter. Flinton Capital Management LLC now owns 1,540 shares of the auto parts company’s stock valued at $155,000 after buying an additional 616 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Cooper-Standard Holdings by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 95.83% of the company’s stock.

Cooper-Standard Holdings Inc. (NYSE CPS) traded down 0.15% during mid-day trading on Wednesday, reaching $114.21. 18,944 shares of the company were exchanged. The firm has a market capitalization of $2.03 billion, a P/E ratio of 14.40 and a beta of 0.77. The stock has a 50-day moving average of $107.48 and a 200 day moving average of $106.13. Cooper-Standard Holdings Inc. has a 1-year low of $82.50 and a 1-year high of $118.60.

Cooper-Standard Holdings (NYSE:CPS) last announced its quarterly earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.02. The firm 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 quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.85 earnings per share. Equities research analysts forecast that Cooper-Standard Holdings Inc. will post $10.70 earnings per share for the current year.

In related news, VP Keith Dwayne Stephenson sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $105.04, for a total value of $1,470,560.00. Following the completion of the transaction, the vice president now directly owns 63,584 shares of the company’s stock, valued at $6,678,863.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $105.25, for a total value of $10,525,000.00. The disclosure for this sale can be found here. Insiders sold 441,865 shares of company stock valued at $48,687,275 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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A number of research firms have recently weighed in on CPS. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. Bank of America Corporation restated an “underperform” rating and issued a $85.00 price target (down from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. BidaskClub cut shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Finally, ValuEngine cut shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Cooper-Standard Holdings has an average rating of “Hold” and a consensus price target of $111.20.

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.

Institutional Ownership by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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