Cooper-Standard (NYSE:CPS) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Cooper-Standard (NYSE:CPS) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Cooper-Standard Trading Down 1.1 %

NYSE CPS opened at $14.74 on Friday. Cooper-Standard has a 1-year low of $11.24 and a 1-year high of $19.21. The stock has a 50-day moving average of $14.61 and a 200-day moving average of $14.38. The firm has a market cap of $255.44 million, a PE ratio of -3.25 and a beta of 2.78.

Cooper-Standard (NYSE:CPS) last released its earnings results on Thursday, February 13th. The auto parts company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.22).

Insider Activity

In other news, Director David John Mastrocola bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of $15.27 per share, with a total value of $45,810.00. Following the transaction, the director now owns 11,115 shares of the company’s stock, valued at approximately $169,726.05. The trade was a 36.97 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. US Bancorp DE bought a new position in shares of Cooper-Standard in the 3rd quarter worth approximately $33,000. Quantbot Technologies LP bought a new position in shares of Cooper-Standard in the 4th quarter worth approximately $48,000. National Bank of Canada FI bought a new position in shares of Cooper-Standard in the 4th quarter worth approximately $54,000. Quarry LP purchased a new stake in shares of Cooper-Standard in the 4th quarter worth approximately $79,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Cooper-Standard in the 4th quarter worth approximately $107,000. Institutional investors own 69.11% of the company’s stock.

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.