Legal & General Group Plc lowered its holdings in Cooper-Standard Holdings Inc (NYSE:CPS) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,717 shares of the auto parts company’s stock after selling 1,042 shares during the quarter. Legal & General Group Plc owned 0.22% of Cooper-Standard worth $4,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of CPS. Aperio Group LLC raised its stake in shares of Cooper-Standard by 74.6% in the second quarter. Aperio Group LLC now owns 4,386 shares of the auto parts company’s stock worth $442,000 after purchasing an additional 1,874 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Cooper-Standard by 9.7% in the second quarter. TD Asset Management Inc. now owns 17,400 shares of the auto parts company’s stock worth $1,755,000 after purchasing an additional 1,544 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Cooper-Standard by 2.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 159,111 shares of the auto parts company’s stock worth $16,050,000 after purchasing an additional 3,788 shares during the last quarter. Arizona State Retirement System raised its stake 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 worth $938,000 after purchasing an additional 100 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in shares of Cooper-Standard in the second quarter worth $146,000. Hedge funds and other institutional investors own 96.01% of the company’s stock.
In other Cooper-Standard news, major shareholder Silver Point Capital L.P. sold 62,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $116.67, for a total transaction of $7,233,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sharon Wenzl sold 585 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $125.98, for a total value of $73,698.30. Following the sale, the insider now directly owns 2,990 shares of the company’s stock, valued at approximately $376,680.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,950 shares of company stock valued at $22,876,564. 1.10% of the stock is owned by company insiders.
Cooper-Standard (NYSE:CPS) last posted its quarterly earnings data on Tuesday, October 31st. The auto parts company reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.25). The firm had revenue of $869.02 million for the quarter, compared to analysts’ expectations of $844.14 million. Cooper-Standard had a net margin of 3.88% and a return on equity of 24.99%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.48 EPS. equities analysts forecast that Cooper-Standard Holdings Inc will post 10.88 EPS for the current year.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Cooper-Standard from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Goldman Sachs Group cut Cooper-Standard from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a research note on Monday, October 16th. Buckingham Research decreased their price target on Cooper-Standard from $131.00 to $129.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Roth Capital boosted their price target on Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Cooper-Standard currently has an average rating of “Hold” and an average price target of $117.17.
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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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