Prudential Financial Inc. Acquires 52,020 Shares of Cooper-Standard Holdings Inc (NYSE:CPS)

Prudential Financial Inc. raised its holdings in Cooper-Standard Holdings Inc (NYSE:CPS) by 48.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 160,268 shares of the auto parts company’s stock after acquiring an additional 52,020 shares during the quarter. Prudential Financial Inc.’s holdings in Cooper-Standard were worth $7,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Executive Wealth Management LLC acquired a new stake in shares of Cooper-Standard during the 2nd quarter worth approximately $40,000. Advisory Services Network LLC bought a new stake in shares of Cooper-Standard in the 2nd quarter valued at $102,000. First Mercantile Trust Co. increased its stake in shares of Cooper-Standard by 13.6% in the 1st quarter. First Mercantile Trust Co. now owns 2,259 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 270 shares in the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of Cooper-Standard by 100.0% during the 1st quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the auto parts company’s stock valued at $134,000 after acquiring an additional 1,400 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Cooper-Standard by 165.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,090 shares of the auto parts company’s stock valued at $192,000 after acquiring an additional 2,552 shares during the period. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on CPS. Buckingham Research cut their target price on shares of Cooper-Standard from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Goldman Sachs Group downgraded shares of Cooper-Standard from a “neutral” rating to a “sell” rating and decreased their price target for the company from $51.00 to $36.00 in a research note on Thursday, June 13th. Finally, ValuEngine upgraded shares of Cooper-Standard from a “hold” rating to a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.00.



NYSE:CPS traded down $0.92 on Wednesday, hitting $45.93. The stock had a trading volume of 2,005 shares, compared to its average volume of 207,163. The business’s fifty day moving average is $39.30 and its 200 day moving average is $46.78. The company has a market cap of $754.15 million, a PE ratio of 5.23 and a beta of 1.64. The company has a quick ratio of 1.49, a current ratio of 1.75 and a debt-to-equity ratio of 0.84. Cooper-Standard Holdings Inc has a 52 week low of $30.82 and a 52 week high of $133.81.

Cooper-Standard (NYSE:CPS) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.80). Cooper-Standard had a net margin of 4.47% and a return on equity of 7.13%. The firm had revenue of $764.81 million for the quarter, compared to the consensus estimate of $832.61 million. During the same quarter in the prior year, the firm earned $2.74 EPS. The company’s revenue was down 17.6% compared to the same quarter last year. Equities analysts predict that Cooper-Standard Holdings Inc will post 3.48 earnings per share for the current fiscal year.

In other Cooper-Standard news, SVP Song Min Lee purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of $33.27 per share, with a total value of $99,810.00. Following the transaction, the senior vice president now owns 16,784 shares in the company, valued at $558,403.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William Pumphrey purchased 5,320 shares of the business’s stock in a transaction on Friday, June 14th. The shares were bought at an average price of $39.00 per share, with a total value of $207,480.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 8,820 shares of company stock worth $326,235. 3.30% of the stock is owned by company insiders.

Cooper-Standard Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

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Institutional Ownership by Quarter for Cooper-Standard (NYSE:CPS)

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