Cooper-Standard (NYSE:CPS) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Cooper-Standard Holdings Inc. (NYSE:CPS) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.43 and traded as low as $31.58. Cooper-Standard shares last traded at $32.87, with a volume of 136,704 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research raised Cooper-Standard from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Stifel Nicolaus boosted their target price on Cooper-Standard from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Weiss Ratings raised shares of Cooper-Standard from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Citigroup lifted their price target on shares of Cooper-Standard from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, December 15th. Finally, Wall Street Zen lowered shares of Cooper-Standard from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.00.

Cooper-Standard Price Performance

The company has a market cap of $579.83 million, a price-to-earnings ratio of 18.06 and a beta of 1.94. The company’s 50-day simple moving average is $32.30 and its 200-day simple moving average is $32.43.

Insider Activity

In other Cooper-Standard news, Director David John Mastrocola purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average price of $29.05 per share, for a total transaction of $58,100.00. Following the completion of the purchase, the director owned 18,115 shares in the company, valued at $526,240.75. The trade was a 12.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Cooper-Standard

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Cooper-Standard by 343.0% during the 1st quarter. Royal Bank of Canada now owns 25,628 shares of the auto parts company’s stock valued at $393,000 after buying an additional 19,843 shares during the last quarter. AQR Capital Management LLC raised its holdings in Cooper-Standard by 1,345.8% in the first quarter. AQR Capital Management LLC now owns 151,530 shares of the auto parts company’s stock valued at $2,321,000 after acquiring an additional 141,049 shares in the last quarter. Millennium Management LLC boosted its stake in Cooper-Standard by 89.9% during the 1st quarter. Millennium Management LLC now owns 311,015 shares of the auto parts company’s stock valued at $4,765,000 after acquiring an additional 147,209 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Cooper-Standard by 21.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,523 shares of the auto parts company’s stock worth $3,286,000 after acquiring an additional 38,489 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Cooper-Standard in the 2nd quarter worth about $1,261,000. 69.11% of the stock is currently owned by hedge funds and other institutional investors.

Cooper-Standard Company Profile

Cooper-Standard Holding Inc is a global supplier of sealing, fuel and brake delivery, and fluid transfer systems for the automotive industry. The company designs and manufactures engineered rubber, plastic and metal products, including sealing systems for doors, windows and powertrain assemblies, fuel and brake hoses and lines, and fluid transfer components such as coolant, refrigerant and washer fluid systems.

Founded in 1922 and headquartered in Novi, Michigan, Cooper-Standard operates manufacturing facilities and technical centers across North America, Europe, South America and Asia.