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David John Mastrocola, a director at Cooper-Standard Holdings Inc. (NYSE:CPS), has recently acquired additional shares in the company. According to a recent SEC filing, Mastrocola purchased a total of 8,000 shares over two days. On February 19, he acquired 3,000 shares at a weighted average price of $15.267, while on February 20, he bought another 5,000 shares at a weighted average price of $14.55. The total value of these transactions amounts to approximately $118,551, with the purchase prices ranging from $14.15 to $15.30 per share. The timing appears favorable, as InvestingPro data shows the stock has gained over 10% in the past week, with analysts setting a $20 price target.
Following these transactions, Mastrocola now holds 16,115 shares of Cooper-Standard Holdings in direct ownership. The acquisitions reflect a continued interest in the company by its board members, potentially indicating confidence in its future prospects. This confidence appears well-founded, as InvestingPro analysis shows the company is expected to return to profitability this year, with forecasted earnings of $0.77 per share. For deeper insights into CPS’s valuation and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Cooper Standard reported its fourth-quarter 2024 financial results, which were below expectations for both earnings and revenue. The company posted an earnings per share (EPS) of -$0.16, significantly missing the forecasted $0.02. Revenue for the quarter was $660.8 million, falling short of the projected $692.2 million. Despite the sales decline, Cooper Standard achieved a 96.8% increase in adjusted EBITDA for the quarter, reflecting operational efficiency improvements. For the full year 2024, sales decreased by 3% to $2.7 billion, while adjusted EBITDA rose to $180.7 million from $167.1 million in 2023. Looking ahead, Cooper Standard anticipates positive free cash flow in 2025 and aims to achieve double-digit EBITDA margins by the end of the year. The company projects a 50% growth in its fluids business over the next five years. CEO Jeff Edwards highlighted the importance of innovation and efficiency in driving future performance.
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