November 24, 2016 - By whatsonthorold
After the disclosing of a public document filled with DC-based SEC; a large insider transaction became apparent. The insider of Cooper-Standard Holdings Inc, Oak Hill Advisors Genpar – L.P.; performed a huge trade in the open market by unloading 88,462 shares at the average stock price of $95.8 of the Michigan-based company having a market value of $8,474,987 USD. Oak Hill Advisors Genpar – L.P. owns roughly 0.05% of Cooper-Standard Holdings Inc’s total market cap or 8,107 shares. Considering the size of the stocks unloading, it is difficult to remain disregarded.
Out of 7 analysts covering Cooper-Standard (NYSE:CPS), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. $108 is the highest target while $91 is the lowest. The $98 average target is 1.01% above today’s ($97.02) stock price. Cooper-Standard has been the topic of 8 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The firm earned “Underperform” rating on Tuesday, June 21 by Bank of America. Seaport Global initiated the stock with “Buy” rating in Tuesday, August 9 report. Jefferies downgraded Cooper-Standard Holdings Inc (NYSE:CPS) on Wednesday, October 19 to “Hold” rating. On Tuesday, September 27 the stock rating was downgraded by Buckingham Research to “Neutral”. As per Friday, November 6, the company rating was maintained by Singular Research. The firm earned “Neutral” rating on Tuesday, June 14 by Goldman Sachs. The company was upgraded on Tuesday, November 22 by Goldman Sachs. The firm has “Sector Weight” rating given on Thursday, March 31 by KeyBanc Capital Markets.
Insitutional Activity: The institutional sentiment increased to 1.87 in 2016 Q2. Its up 0.17, from 1.7 in 2016Q1. The ratio increased, as 17 funds sold all Cooper-Standard Holdings Inc shares owned while 43 reduced positions. 33 funds bought stakes while 69 increased positions. They now own 16.21 million shares or 2.00% less from 16.54 million shares in 2016Q1.
Aqr Limited Liability Company holds 0.01% or 103,551 shares in its portfolio. Martingale Asset Mgmt L P has 0.02% invested in the company for 19,034 shares. Creative Planning holds 0% or 912 shares in its portfolio. Tfs Cap last reported 5,206 shares in the company. Fny Managed Accounts Limited Com owns 400 shares or 0% of their US portfolio. Nationwide Fund Advsr reported 66,664 shares or 0.02% of all its holdings. The Wisconsin-based Cortina Asset Management Ltd Limited Liability Company has invested 0.38% in Cooper-Standard Holdings Inc (NYSE:CPS). Alliancebernstein Limited Partnership last reported 20,800 shares in the company. D E Shaw reported 148,926 shares or 0.02% of all its holdings. Blackrock Investment Mgmt Ltd Liability Corp owns 55,737 shares or 0.01% of their US portfolio. Citigroup accumulated 3,348 shares or 0% of the stock. The New York-based Rothschild Asset Management has invested 0.42% in Cooper-Standard Holdings Inc (NYSE:CPS). Qs Invsts Ltd Llc owns 50,224 shares or 0.03% of their US portfolio. Alps holds 5,365 shares or 0% of its portfolio. Moreover, Strs Ohio has 0% invested in Cooper-Standard Holdings Inc (NYSE:CPS) for 11,700 shares.
Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 22 sales for $266.60 million net activity. 53,442 shares were sold by Oak Hill Advisors GenPar – L.P., worth $5.29M on Thursday, August 25. Another trade for 447 shares valued at $43,417 was sold by WENZL SHARON. PUMPHREY WILLIAM sold 5,244 shares worth $502,690. $50.90M worth of Cooper-Standard Holdings Inc (NYSE:CPS) was sold by Silver Point Capital L.P. Stephenson Keith Dwayne sold $4.21M worth of Cooper-Standard Holdings Inc (NYSE:CPS) on Monday, August 15.
The stock increased 0.85% or $0.82 during the last trading session, hitting $97.02. About 161,037 shares traded hands. Cooper-Standard Holdings Inc (NYSE:CPS) has risen 26.66% since April 22, 2016 and is uptrending. It has outperformed by 21.33% the S&P500.
Cooper-Standard Holdings Inc. is a holding company. The company has a market cap of $1.77 billion. The Company, through its subsidiaries, makes sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. It has a 13.99 P/E ratio. The Firm operates through four divisions, which include North America, Europe, South America and Asia Pacific.
According to Zacks Investment Research, “Cooper-Standard Holdings Inc. operates as a supplier of systems and components for the automotive industry. Its products include sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems. The company markets its products directly to automotive original equipment manufacturers, tier I and tier II suppliers, and non-automotive manufacturers. Cooper-Standard Holdings Inc. is headquartered in Novi, Michigan.”
Analysts await Cooper-Standard Holdings Inc (NYSE:CPS) to report earnings on February, 27. They expect $2.38 EPS, down 20.93% or $0.63 from last year’s $3.01 per share. CPS’s profit will be $43.42M for 10.19 P/E if the $2.38 EPS becomes a reality. After $2.48 actual EPS reported by Cooper-Standard Holdings Inc for the previous quarter, Wall Street now forecasts -4.03% negative EPS growth.
More news for Cooper-Standard Holdings Inc (NYSE:CPS) were recently published by: Marketwatch.com, which released: “Cooper-Standard Holdings Inc.” on May 03, 2011. Prnewswire.com‘s article titled: “Cooper Standard Reports Record Third Quarter Results” and published on October 31, 2016 is yet another important article.
Cooper-Standard Holdings Inc., incorporated on September 10, 2004, is a holding company. The Company, through its subsidiaries, makes sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components for use in passenger vehicles and light trucks. The Firm operates in four divisions, which include North America, Europe, South America and Asia Pacific. The Company’s principal products within each of these divisions are sealing systems, fuel and brake delivery systems, fluid transfer systems and anti-vibration systems. The Company’s products are used by automotive original equipment manufacturers (OEMs) and replacement markets. The Firm operates in over 80 manufacturing locations and approximately 20 design, engineering, administrative and logistics locations in over 20 countries around the world.
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