Cooper-Standard (NYSE:CPS) Director Purchases $45,193.50 in Stock

Key Points

• Director David John Mastrocola purchased shares in three trades — 2,000 shares on March 11 at $31, 1,494 shares on March 12 at $30.25 ($45,193.50), and 3,391 shares on March 13 at $29.77 ($100,950.07) — and after the March 12 buy he owned 21,609 shares (a 7.43% increase).
• Cooper‑Standard shares slipped about 3.5% to $29.24; the company reported a Q that missed EPS expectations (−$1.73 vs. −$0.95) but beat revenue estimates, and analysts hold a mixed view with an average rating of Hold and an average target of $43.33.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) Director David John Mastrocola acquired 1,494 shares of Cooper-Standard stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $30.25 per share, with a total value of $45,193.50. Following the completion of the acquisition, the director owned 21,609 shares of the company's stock, valued at $653,672.25. The trade was a 7.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, March 13th, David John Mastrocola bought 3,391 shares of Cooper-Standard stock. The shares were purchased at an average price of $29.77 per share, for a total transaction of $100,950.07.
• On Wednesday, March 11th, David John Mastrocola purchased 2,000 shares of Cooper-Standard stock. The stock was purchased 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 midday trading on Friday, hitting $29.24. 220,566 shares of the stock were exchanged, compared to its average volume of 290,232. The stock has a market cap of $515.85 million, a P/E ratio of -121.85 and a beta of 1.88. Cooper-Standard Holdings Inc. has a twelve month low of $10.38 and a twelve month high of $47.98. The company has a 50 day moving average price of $34.67 and a 200-day moving average price of $34.23.

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

Institutional Trading of Cooper-Standard

A number of hedge funds have recently bought and sold shares of CPS. Great Hill Capital LLC acquired a new position in Cooper-Standard in the 3rd quarter valued at $16,036,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cooper-Standard by 336.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 274,642 shares of the auto parts company's stock worth $10,143,000 after purchasing an additional 211,768 shares during the last quarter. EVR Research LP grew its position in shares of Cooper-Standard by 114.3% in the fourth quarter. EVR Research LP now owns 375,000 shares of the auto parts company's stock valued at $12,311,000 after purchasing an additional 200,000 shares during the period. Stifel Financial Corp increased its stake in Cooper-Standard by 255.3% in the fourth quarter. Stifel Financial Corp now owns 247,867 shares of the auto parts company's stock valued at $8,137,000 after purchasing an additional 178,102 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Cooper-Standard in the second quarter valued at $3,798,000. Institutional investors and hedge funds own 69.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CPS shares. Wall Street Zen cut shares of Cooper-Standard from a "buy" rating to a "hold" rating in a research note on Sunday, February 22nd. Weiss Ratings cut Cooper-Standard from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, February 9th. 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. Zacks Research raised Cooper-Standard from a "strong sell" rating to a "hold" rating in a report on Tuesday, December 30th. Finally, Stifel Nicolaus upped their price objective on Cooper-Standard from $41.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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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