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

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

Cooper-Standard Stock Down 1.1 %

Cooper-Standard stock opened at $14.74 on Friday. The company has a market capitalization of $255.44 million, a P/E ratio of -3.25 and a beta of 2.78. The stock’s 50 day moving average is $14.61 and its 200 day moving average is $14.38. Cooper-Standard has a twelve month low of $11.24 and a twelve month high of $19.21.

Cooper-Standard (NYSE:CPS) last issued its earnings results on Thursday, February 13th. The auto parts company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.22).

Insider Buying and Selling at Cooper-Standard

In other Cooper-Standard news, Director David John Mastrocola bought 3,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of $15.27 per share, for a total transaction of $45,810.00. Following the purchase, the director now owns 11,115 shares in the company, valued at approximately $169,726.05. This trade represents a 36.97 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Cooper-Standard

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE purchased a new stake in Cooper-Standard during the 3rd quarter valued at $33,000. Quantbot Technologies LP purchased a new position in shares of Cooper-Standard in the 4th quarter worth $48,000. National Bank of Canada FI purchased a new position in shares of Cooper-Standard in the 4th quarter worth $54,000. Quarry LP purchased a new position in shares of Cooper-Standard in the 4th quarter worth $79,000. Finally, SG Americas Securities LLC purchased a new position in shares of Cooper-Standard in the 4th quarter worth $107,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

About Cooper-Standard

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.