Cooper-Standard Holdings Inc. (NYSE:CPS) Shares Sold by Wells Fargo & Company MN

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

A number of other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in Cooper-Standard in the fourth quarter worth about $48,000. National Bank of Canada FI purchased a new stake in Cooper-Standard in the fourth quarter worth about $54,000. SG Americas Securities LLC purchased a new stake in Cooper-Standard in the fourth quarter worth about $107,000. Gladstone Institutional Advisory LLC purchased a new stake in Cooper-Standard in the fourth quarter worth about $219,000. Finally, ExodusPoint Capital Management LP purchased a new stake in Cooper-Standard in the fourth quarter worth about $304,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cooper-Standard news, Director David John Mastrocola purchased 3,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $15.27 per share, for a total transaction of $45,810.00. Following the acquisition, the director now owns 11,115 shares in the company, valued at $169,726.05. This represents a 36.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.80% of the company's stock.

Cooper-Standard Price Performance

Shares of CPS stock traded up $0.06 during mid-day trading on Thursday, hitting $24.85. 95,173 shares of the stock traded hands, compared to its average volume of 207,317. The stock has a market cap of $435.98 million, a P/E ratio of -5.47 and a beta of 2.63. The stock's fifty day moving average is $15.84 and its two-hundred day moving average is $15.11. Cooper-Standard Holdings Inc. has a 52-week low of $10.38 and a 52-week high of $26.73.

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

Wall Street Analyst Weigh In

CPS has been the subject of a number of research reports. Citigroup initiated coverage on shares of Cooper-Standard in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $12.00 price objective for the company. StockNews.com raised shares of Cooper-Standard from a "hold" rating to a "buy" rating in a research report on Saturday, February 22nd.

Cooper-Standard 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.