Macquarie Group Ltd. Has $2.12 Million Position in Cooper-Standard Holdings Inc. (CPS)
Macquarie Group Ltd. increased its holdings in Cooper-Standard Holdings Inc. (NYSE:CPS) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,250 shares of the auto parts company’s stock after acquiring an additional 950 shares during the period. Macquarie Group Ltd. owned about 0.10% of Cooper-Standard worth $2,116,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. grew its position in Cooper-Standard by 2,433.2% in the 2nd quarter. Alliancebernstein L.P. now owns 526,902 shares of the auto parts company’s stock worth $53,149,000 after purchasing an additional 506,102 shares in the last quarter. BlackRock Inc. grew its position in Cooper-Standard by 6.3% in the 2nd quarter. BlackRock Inc. now owns 2,205,700 shares of the auto parts company’s stock worth $222,489,000 after purchasing an additional 129,820 shares in the last quarter. Renaissance Technologies LLC grew its position in Cooper-Standard by 23.6% in the 2nd quarter. Renaissance Technologies LLC now owns 415,200 shares of the auto parts company’s stock worth $41,881,000 after purchasing an additional 79,200 shares in the last quarter. Vanguard Group Inc. grew its position in Cooper-Standard by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,036,130 shares of the auto parts company’s stock worth $205,384,000 after purchasing an additional 68,126 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Cooper-Standard by 3,573.4% in the 3rd quarter. Victory Capital Management Inc. now owns 59,546 shares of the auto parts company’s stock worth $6,906,000 after purchasing an additional 57,925 shares in the last quarter. Institutional investors own 96.04% of the company’s stock.
A number of equities research analysts have issued reports on CPS shares. Roth Capital upped their price objective on shares of Cooper-Standard from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Cooper-Standard from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. 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. KeyCorp reaffirmed a “hold” rating on shares of Cooper-Standard in a research report on Friday, November 17th. Finally, Buckingham Research reduced their target price 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $117.17.
In related news, insider Sharon Wenzl sold 585 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $125.98, for a total value of $73,698.30. Following the completion of the transaction, the insider now directly owns 2,990 shares of the company’s stock, valued at approximately $376,680.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Silver Point Capital L.P. sold 62,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $116.67, for a total transaction of $7,233,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 209,950 shares of company stock valued at $24,347,124 over the last three months. Insiders own 1.10% of the company’s stock.
Cooper-Standard Holdings Inc. (NYSE:CPS) opened at $119.81 on Wednesday. Cooper-Standard Holdings Inc. has a 52-week low of $95.33 and a 52-week high of $128.52. The firm has a market cap of $2,115.97, a P/E ratio of 11.54, a PEG 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 released its earnings results on Tuesday, October 31st. The auto parts company reported $2.11 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $869.02 million for the quarter, compared to the consensus estimate of $844.14 million. During the same period in the prior year, the company earned $2.48 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. sell-side analysts anticipate that Cooper-Standard Holdings Inc. will post 10.84 earnings per share for the current fiscal year.
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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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