Cooper-Standard (NYSE:CPS) CFO Jonathan Banas Purchases 1,000 Shares of Company Stock

Key Points

• CFO Jonathan Banas bought 1,000 Cooper-Standard shares at an average price of $17.25, spending $17,250. His holdings rose 1.49% to 68,277 shares.
• Cooper-Standard reported a quarterly loss of $0.11 per share, missing analysts’ $0.74 consensus estimate, though revenue of $708.59 million exceeded estimates.
• Analysts’ consensus rating is Hold, with an average price target of $26.00; recent target changes ranged from $19 to $32.

Cooper-Standard Holdings Inc. (NYSE:CPS - Get Free Report) CFO Jonathan Banas acquired 1,000 shares of Cooper-Standard stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $17.25 per share, for a total transaction of $17,250.00. Following the transaction, the chief financial officer owned 68,277 shares of the company's stock, valued at $1,177,778.25. This represents a 1.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cooper-Standard Trading Up 4.3%

NYSE CPS traded up $0.77 on Monday, reaching $18.70. 406,366 shares of the company were exchanged, compared to its average volume of 222,905. The business's fifty day moving average price is $22.22 and its 200 day moving average price is $28.39. The stock has a market capitalization of $332.37 million, a P/E ratio of -4.87 and a beta of 2.03. Cooper-Standard Holdings Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $47.98.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its earnings results on Wednesday, November 4th. The auto parts company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.85). The business had revenue of $708.59 million during the quarter, compared to analyst estimates of $704.13 million. Equities research analysts forecast that Cooper-Standard Holdings Inc. will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on CPS shares. Weiss Ratings upgraded shares of Cooper-Standard from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, October 27th. Citigroup dropped their price target on shares of Cooper-Standard from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Monday. Freedom Broker cut their price target on shares of Cooper-Standard from $45.00 to $27.00 and set a "buy" rating for the company in a report on Monday. Zacks Research lowered shares of Cooper-Standard from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 20th. Finally, Stifel Nicolaus decreased their price objective on Cooper-Standard from $53.00 to $32.00 and set a "buy" rating on the stock in a report on Monday, October 19th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Cooper-Standard presently has a consensus rating of "Hold" and an average price target of $26.00.

Institutional Investors Weigh In On Cooper-Standard

A number of institutional investors have recently made changes to their positions in CPS. Legal & General Group Plc purchased a new position in Cooper-Standard in the second quarter worth approximately $47,000. State of Wyoming acquired a new stake in Cooper-Standard during the 2nd quarter worth $127,000. Hsbc Holdings PLC acquired a new stake in shares of Cooper-Standard during the second quarter worth about $205,000. Clear Harbor Asset Management LLC purchased a new position in shares of Cooper-Standard in the 2nd quarter valued at approximately $253,000. Finally, Quantinno Capital Management LP increased its stake in Cooper-Standard by 53.4% in the 1st quarter. Quantinno Capital Management LP now owns 12,281 shares of the auto parts company's stock valued at $342,000 after buying an additional 4,275 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc is an automotive supplier that develops and manufactures systems and components used by vehicle manufacturers and other transportation customers. The company's products are designed to support vehicle sealing, fluid management, noise and vibration control, and other performance, safety, and comfort requirements.

Its product portfolio includes body sealing systems, such as weatherstrips and sealing components; fluid-handling systems for fuel, brake, coolant, and other vehicle fluids; and anti-vibration systems that help reduce noise, vibration, and harshness.

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