Cooper-Standard Holdings Inc. (NYSE:CPS) shares hit a new 52-week high on Friday following a better than expected earnings announcement. The company traded as high as $112.85 and last traded at $113.51, with a volume of 107,280 shares traded. The stock had previously closed at $107.57.
The company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.41. Cooper-Standard Holdings had a return on equity of 30.67% and a net margin of 3.75%. The firm had revenue of $875.40 million for the quarter, compared to analysts’ expectations of $832.59 million. During the same period in the prior year, the firm posted $2.32 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis.
A number of equities research analysts have recently commented on CPS shares. Zacks Investment Research raised Cooper-Standard Holdings from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Monday, November 14th. Goldman Sachs Group, Inc. (The) raised Cooper-Standard Holdings from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, November 22nd. Buckingham Research raised Cooper-Standard Holdings from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Wednesday, January 4th. Finally, Jefferies Group LLC increased their target price on Cooper-Standard Holdings from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $112.17.
In related news, insider Hill Advisors Genpar L.P. Oak sold 9,195 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $93.09, for a total transaction of $855,962.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Silver Point Capital L.P. sold 245,000 shares of the stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $100.46, for a total value of $24,612,700.00. The disclosure for this sale can be found here. Insiders have sold 864,775 shares of company stock worth $88,551,351 over the last ninety days. 3.90% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in CPS. Suntrust Banks Inc. boosted its stake in Cooper-Standard Holdings by 2.8% in the third quarter. Suntrust Banks Inc. now owns 2,950 shares of the company’s stock valued at $290,000 after buying an additional 79 shares during the period. Cornercap Investment Counsel Inc. increased its position in Cooper-Standard Holdings by 1.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 5,780 shares of the company’s stock worth $598,000 after buying an additional 80 shares in the last quarter. New York State Teachers Retirement System increased its position in Cooper-Standard Holdings by 0.7% in the fourth quarter. New York State Teachers Retirement System now owns 14,060 shares of the company’s stock worth $1,454,000 after buying an additional 100 shares in the last quarter. Pacad Investment Ltd. increased its position in Cooper-Standard Holdings by 6.1% in the fourth quarter. Pacad Investment Ltd. now owns 3,500 shares of the company’s stock worth $362,000 after buying an additional 200 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Cooper-Standard Holdings by 2.9% in the third quarter. UBS Asset Management Americas Inc. now owns 10,406 shares of the company’s stock worth $1,028,000 after buying an additional 297 shares in the last quarter. 98.47% of the stock is currently owned by institutional investors.
The stock has a market cap of $2.01 billion, a P/E ratio of 16.380 and a beta of 0.70. The firm’s 50-day moving average price is $105.54 and its 200-day moving average price is $99.21.
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Cooper-Standard Holdings Company Profile
Cooper-Standard Holdings Inc is a holding company. The Company, through its subsidiaries, manufactures sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Company operates through four segments, which include North America, Europe, South America and Asia Pacific.
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