Amalgamated Bank Increases Position in Cooper-Standard Holdings Inc. (CPS)

Amalgamated Bank lifted its position in Cooper-Standard Holdings Inc. (NYSE:CPS) by 26.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,517 shares of the auto parts company’s stock after purchasing an additional 525 shares during the period. Amalgamated Bank’s holdings in Cooper-Standard Holdings were worth $254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Cooper-Standard Holdings in the first quarter valued at approximately $142,000. Riverhead Capital Management LLC boosted its holdings in shares of Cooper-Standard Holdings by 79.0% in the second quarter. Riverhead Capital Management LLC now owns 1,432 shares of the auto parts company’s stock valued at $144,000 after purchasing an additional 632 shares during the period. First Mercantile Trust Co. purchased a new stake in shares of Cooper-Standard Holdings in the second quarter valued at approximately $146,000. Victory Capital Management Inc. boosted its holdings in shares of Cooper-Standard Holdings by 15.9% in the second quarter. Victory Capital Management Inc. now owns 1,621 shares of the auto parts company’s stock valued at $164,000 after purchasing an additional 222 shares during the period. Finally, GW&K Investment Management LLC purchased a new stake in shares of Cooper-Standard Holdings in the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.

In related news, insider Aleksandra A. Miziolek sold 865 shares of Cooper-Standard Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.00, for a total value of $87,365.00. Following the completion of the sale, the insider now owns 866 shares in the company, valued at approximately $87,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $117.01, for a total transaction of $351,030.00. The disclosure for this sale can be found here. Insiders sold a total of 231,365 shares of company stock valued at $26,513,365 in the last quarter. 1.10% of the stock is owned by insiders.

A number of analysts recently issued reports on CPS shares. BidaskClub upgraded Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine lowered Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Bank of America Corporation reiterated an “underperform” rating and issued a $85.00 price target (down previously from $94.00) on shares of Cooper-Standard Holdings in a report on Friday, June 16th. Finally, Zacks Investment Research lowered Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Cooper-Standard Holdings has a consensus rating of “Hold” and an average price target of $111.20.

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Cooper-Standard Holdings (NYSE:CPS) last posted its earnings results on Thursday, August 3rd. The auto parts company reported $2.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.58 by $0.02. Cooper-Standard Holdings had a net margin of 4.22% and a return on equity of 26.90%. The firm had revenue of $909.10 million during the quarter, compared to the consensus estimate of $884.02 million. During the same quarter last year, the firm earned $2.85 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis.

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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