Wells Fargo & Company MN Sells 13,292 Shares of Cooper-Standard Holdings Inc. (NYSE:CPS)

Wells Fargo & Company MN decreased its position in shares of Cooper-Standard Holdings Inc. (NYSE:CPS - Free Report) by 52.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,227 shares of the auto parts company's stock after selling 13,292 shares during the period. Wells Fargo & Company MN owned about 0.07% of Cooper-Standard worth $166,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Cooper-Standard in the fourth quarter worth $48,000. National Bank of Canada FI bought a new stake in Cooper-Standard during the fourth quarter valued at about $54,000. SG Americas Securities LLC purchased a new stake in Cooper-Standard in the 4th quarter worth approximately $107,000. Gladstone Institutional Advisory LLC purchased a new stake in shares of Cooper-Standard in the fourth quarter worth $219,000. Finally, ExodusPoint Capital Management LP bought a new stake in Cooper-Standard during the fourth quarter valued at about $304,000. Institutional investors own 69.11% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $12.00 target price for the company. StockNews.com upgraded shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd.

Insider Transactions at Cooper-Standard

In related news, Director David John Mastrocola acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the acquisition, the director now directly owns 11,115 shares of the company's stock, valued at $169,726.05. This represents a 36.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.80% of the company's stock.

Cooper-Standard Stock Down 1.0%

NYSE CPS traded down $0.24 during trading hours on Monday, hitting $24.42. 358,585 shares of the company were exchanged, compared to its average volume of 205,201. Cooper-Standard Holdings Inc. has a 52 week low of $10.38 and a 52 week high of $26.73. The stock has a 50-day moving average price of $15.21 and a 200 day moving average price of $14.90. The stock has a market cap of $428.56 million, a PE ratio of -5.38 and a beta of 2.63.

Cooper-Standard (NYSE:CPS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.93) by $1.12. The company had revenue of $667.07 million during the quarter, compared to the consensus estimate of $670.00 million.

Cooper-Standard Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, manufactures and sells sealing, fuel and brake delivery, and fluid transfer systems in the United States, Mexico, China, Poland, Canada, Germany, France, and internationally. The company offers sealing systems, including dynamic seals, static seals, encapsulated glasses, textured surfaces with cloth appearance, obstacle detection sensor systems, FlushSeal systems, variable extrusions, specialty sealing products, stainless steel trims, and frameless systems.