Cooper-Standard (NYSE:CPS) Director David John Mastrocola Buys 3,391 Shares

Key Points

• Director David John Mastrocola bought 3,391 shares on March 13 and a total of 6,885 shares from March 11–13 (about $208,144), raising his direct stake to 25,000 shares — a 15.69% increase.
• Shares traded down ~3.5% to $29.24 the same day; the company reported a quarterly EPS miss of ($1.73) vs. ($0.95) consensus while beating revenue estimates.
• Market context: Cooper‑Standard has a market cap of $515.85M, a negative P/E, ~69.1% institutional ownership, and mixed analyst coverage with a consensus rating of "Hold" and a $43.33 target price.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) Director David John Mastrocola acquired 3,391 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $29.77 per share, with a total value of $100,950.07. Following the acquisition, the director directly owned 25,000 shares in the company, valued at $744,250. This represents a 15.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, March 12th, David John Mastrocola purchased 1,494 shares of Cooper-Standard stock. The shares were bought at an average cost of $30.25 per share, with a total value of $45,193.50.
• On Wednesday, March 11th, David John Mastrocola purchased 2,000 shares of Cooper-Standard stock. The stock was bought at an average price of $31.00 per share, with a total value of $62,000.00.

Cooper-Standard Trading Down 3.5%

Shares of NYSE:CPS traded down $1.05 during trading on Friday, hitting $29.24. 220,566 shares of the company were exchanged, compared to its average volume of 290,232. Cooper-Standard Holdings Inc. has a fifty-two week low of $10.38 and a fifty-two week high of $47.98. The stock has a market cap of $515.85 million, a price-to-earnings ratio of -121.85 and a beta of 1.88. The firm has a fifty day moving average price of $34.67 and a two-hundred day moving average price of $34.23.

Cooper-Standard (NYSE:CPS - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The auto parts company reported ($1.73) EPS for the quarter, missing the consensus estimate of ($0.95) by ($0.78). The firm had revenue of $672.37 million during the quarter, compared to the consensus estimate of $641.51 million.

Institutional Investors Weigh In On Cooper-Standard

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

Analyst Ratings Changes

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

About Cooper-Standard

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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