Cooper-Standard Holdings Inc. (NYSE:CPS) Stake Lowered by KAMES CAPITAL plc

KAMES CAPITAL plc decreased its stake in Cooper-Standard Holdings Inc. (NYSE:CPS) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 11,719 shares of the auto parts company’s stock after selling 359 shares during the period. KAMES CAPITAL plc’s holdings in Cooper-Standard Holdings were worth $1,181,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CPS. State Street Corp raised its stake in shares of Cooper-Standard Holdings by 9.6% in the fourth quarter. State Street Corp now owns 344,101 shares of the auto parts company’s stock valued at $35,571,000 after buying an additional 30,061 shares in the last quarter. New York State Teachers Retirement System raised 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 auto parts company’s stock worth $1,454,000 after buying an additional 100 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Cooper-Standard Holdings during the fourth quarter worth approximately $289,000. Guggenheim Capital LLC raised its position in Cooper-Standard Holdings by 579.5% in the fourth quarter. Guggenheim Capital LLC now owns 36,382 shares of the auto parts company’s stock worth $3,762,000 after buying an additional 31,028 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Cooper-Standard Holdings by 7.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,540 shares of the auto parts company’s stock worth $986,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Shares of Cooper-Standard Holdings Inc. (NYSE CPS) opened at 101.59 on Monday. Cooper-Standard Holdings Inc. has a one year low of $80.70 and a one year high of $118.59. The stock has a market cap of $1.81 billion, a P/E ratio of 12.77 and a beta of 0.73. The stock has a 50 day moving average of $106.71 and a 200 day moving average of $107.66.

Cooper-Standard Holdings (NYSE:CPS) last released its quarterly earnings data on Thursday, May 4th. The auto parts company reported $2.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.52 by $0.43. Cooper-Standard Holdings had a net margin of 4.27% and a return on equity of 28.80%. The business had revenue of $902.05 million for the quarter, compared to analysts’ expectations of $866.38 million. Equities analysts expect that Cooper-Standard Holdings Inc. will post $10.91 EPS for the current fiscal year.

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CPS has been the topic of a number of recent research reports. ValuEngine lowered shares of Cooper-Standard Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded shares of Cooper-Standard Holdings from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Jefferies Group LLC restated a “hold” rating and issued a $117.00 price objective on shares of Cooper-Standard Holdings in a research note on Wednesday, May 3rd. BidaskClub lowered shares of Cooper-Standard Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Finally, Bank of America Corporation restated an “underperform” rating and issued a $85.00 price objective (down from $94.00) on shares of Cooper-Standard Holdings in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Cooper-Standard Holdings presently has an average rating of “Hold” and an average price target of $109.43.

In other Cooper-Standard Holdings news, Chairman Jeffrey S. Edwards sold 17,540 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $108.47, for a total transaction of $1,902,563.80. Following the transaction, the chairman now owns 67,199 shares of the company’s stock, valued at approximately $7,289,075.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Silver Point Capital L.P. sold 62,500 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $112.88, for a total transaction of $7,055,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 172,533 shares of company stock worth $19,170,742. Corporate insiders own 3.90% of the company’s stock.

Cooper-Standard Holdings 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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Institutional Ownership by Quarter for Cooper-Standard Holdings (NYSE:CPS)

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