Cooper-Standard (NYSE:CPS - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Saturday.
Cooper-Standard Price Performance
NYSE CPS traded down $0.16 during trading hours on Friday, reaching $14.74. The company's stock had a trading volume of 427,985 shares, compared to its average volume of 225,946. The firm has a fifty day simple moving average of $14.61 and a 200-day simple moving average of $14.38. The stock has a market cap of $255.44 million, a P/E ratio of -3.25 and a beta of 2.78. Cooper-Standard has a 52 week low of $11.24 and a 52 week high of $19.21.
Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.22).
Insiders Place Their Bets
In related news, Director David John Mastrocola acquired 3,000 shares of Cooper-Standard stock in a transaction dated Wednesday, February 19th. The stock was bought at an average price of $15.27 per share, with a total value of $45,810.00. Following the transaction, the director now directly owns 11,115 shares in the company, valued at $169,726.05. This represents a 36.97 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company's stock.
Institutional Trading of Cooper-Standard
Several large investors have recently modified their holdings of CPS. Arkadios Wealth Advisors grew its position in shares of Cooper-Standard by 7.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 44,525 shares of the auto parts company's stock worth $618,000 after buying an additional 3,197 shares during the period. US Bancorp DE acquired a new stake in shares of Cooper-Standard during the 3rd quarter worth approximately $33,000. Wolverine Asset Management LLC acquired a new stake in shares of Cooper-Standard during the 3rd quarter worth approximately $574,000. FMR LLC grew its position in shares of Cooper-Standard by 25.4% during the 3rd quarter. FMR LLC now owns 144,232 shares of the auto parts company's stock worth $2,000,000 after buying an additional 29,198 shares during the period. Finally, Millrace Asset Group Inc. acquired a new stake in shares of Cooper-Standard during the 3rd quarter worth approximately $1,096,000. Institutional investors and hedge funds own 69.11% of the company's stock.
Cooper-Standard Company Profile
(
Get Free Report)
Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.
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