Cooper-Standard (NYSE:CPS) Director Acquires $62,000.00 in Stock

Key Points

• Director David John Mastrocola purchased a total of 6,885 shares of Cooper‑Standard between March 11–13, spending about $208,144 (including 2,000 shares on March 11 for $62,000); his holdings rose to 20,115 shares, an ~11.04% increase after the March 11 trade.
• Cooper‑Standard (CPS) was trading near $29.24 with a market cap of about $515.9M; the company reported a quarterly EPS loss of ($1.73) that missed estimates while revenue beat, and analysts' consensus is a Hold with an average target of $43.33.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) Director David John Mastrocola purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $31.00 per share, for a total transaction of $62,000.00. Following the acquisition, the director owned 20,115 shares in the company, valued at approximately $623,565. This trade represents a 11.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

David John Mastrocola also recently made the following trade(s):

• On Friday, March 13th, David John Mastrocola acquired 3,391 shares of Cooper-Standard stock. The stock was purchased at an average cost of $29.77 per share, with a total value of $100,950.07.
• On Thursday, March 12th, David John Mastrocola acquired 1,494 shares of Cooper-Standard stock. The shares were purchased at an average cost of $30.25 per share, with a total value of $45,193.50.

Cooper-Standard Price Performance

CPS traded down $1.05 during trading on Friday, reaching $29.24. 220,566 shares of the stock were exchanged, compared to its average volume of 290,232. The company has a market capitalization of $515.85 million, a price-to-earnings ratio of -121.85 and a beta of 1.88. Cooper-Standard Holdings Inc. has a 1 year low of $10.38 and a 1 year high of $47.98. The business's 50 day moving average price is $34.67 and its two-hundred day moving average price is $34.23.

Cooper-Standard (NYSE:CPS - Get Free Report) last announced its quarterly earnings results on Friday, February 13th. The auto parts company reported ($1.73) earnings per share for the quarter, missing analysts' consensus estimates of ($0.95) by ($0.78). The firm had revenue of $672.37 million during the quarter, compared to analyst estimates of $641.51 million.

Analyst Upgrades and Downgrades

CPS has been the subject of a number of research reports. Zacks Research upgraded shares of Cooper-Standard from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 30th. Stifel Nicolaus raised their price objective on shares of Cooper-Standard from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, December 16th. Weiss Ratings downgraded Cooper-Standard from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, February 9th. Wall Street Zen cut Cooper-Standard from a "buy" rating to a "hold" rating in a report on Sunday, February 22nd. Finally, Citigroup raised their price target on Cooper-Standard from $35.00 to $43.65 and gave the stock a "neutral" rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Cooper-Standard has a consensus rating of "Hold" and an average target price of $43.33.

Institutional Investors Weigh In On Cooper-Standard

Several hedge funds have recently modified their holdings of CPS. State of Alaska Department of Revenue purchased a new stake in shares of Cooper-Standard during the third quarter worth about $30,000. Geneos Wealth Management Inc. lifted its stake in shares of Cooper-Standard by 60.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,804 shares of the auto parts company's stock valued at $39,000 after buying an additional 682 shares during the period. Tower Research Capital LLC TRC boosted its position in Cooper-Standard by 136.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the auto parts company's stock worth $53,000 after acquiring an additional 1,432 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Cooper-Standard in the 3rd quarter worth approximately $57,000. Finally, Abound Wealth Management purchased a new stake in Cooper-Standard in the 3rd quarter worth approximately $116,000. 69.11% of the stock is owned by institutional investors and hedge funds.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.

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