Russell Investments Group Ltd. trimmed its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,041 shares of the auto parts company’s stock after selling 486 shares during the period. Russell Investments Group Ltd. owned 0.46% of Cooper-Standard worth $9,282,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parametrica Management Ltd acquired a new stake in shares of Cooper-Standard in the third quarter valued at approximately $236,000. Arizona State Retirement System raised its position in shares of Cooper-Standard by 1.1% in the second quarter. Arizona State Retirement System now owns 9,300 shares of the auto parts company’s stock valued at $938,000 after buying an additional 100 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Cooper-Standard by 24.5% in the second quarter. BNP Paribas Arbitrage SA now owns 6,701 shares of the auto parts company’s stock valued at $676,000 after buying an additional 1,318 shares in the last quarter. LSV Asset Management raised its position in shares of Cooper-Standard by 5.7% in the second quarter. LSV Asset Management now owns 801,719 shares of the auto parts company’s stock valued at $80,869,000 after buying an additional 43,200 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of Cooper-Standard in the second quarter valued at approximately $1,191,000. Institutional investors own 96.04% of the company’s stock.
Several brokerages have commented on CPS. Zacks Investment Research downgraded shares of Cooper-Standard from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Buckingham Research lowered their price objective on shares of Cooper-Standard from $131.00 to $129.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Roth Capital boosted their price objective on shares of Cooper-Standard from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Goldman Sachs Group downgraded shares of Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price objective for the company. in a research report on Monday, October 16th. Finally, KeyCorp restated a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Cooper-Standard has a consensus rating of “Hold” and an average price target of $117.17.
Cooper-Standard Holdings Inc. (NYSE:CPS) opened at $119.81 on Wednesday. Cooper-Standard Holdings Inc. has a 1 year low of $95.33 and a 1 year high of $128.52. The company has a market cap of $2,115.97, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 2.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.52 and a current ratio of 1.75.
Cooper-Standard (NYSE:CPS) last announced its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.25). Cooper-Standard had a net margin of 3.88% and a return on equity of 24.99%. The firm had revenue of $869.02 million for the quarter, compared to analyst estimates of $844.14 million. During the same quarter in the prior year, the firm earned $2.48 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. equities research analysts anticipate that Cooper-Standard Holdings Inc. will post 10.84 EPS for the current year.
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Cooper-Standard 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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