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Jonathan P. Banas, the Executive Vice President and Chief Financial Officer of Cooper-Standard Holdings Inc. (NYSE:CPS), recently acquired 3,000 shares of the company’s common stock. The purchase, valued at $45,000, was made at a price of $15 per share. The stock, currently trading at $15.56, has experienced an 8.1% decline over the past week, according to InvestingPro data. Following this transaction, Banas holds a total of 38,513 shares in the company. This move reflects a significant investment in Cooper-Standard Holdings by one of its key executives. With a market capitalization of $267 million and analysts setting a price target of $20, the company currently shows a FAIR financial health score based on InvestingPro’s comprehensive analysis, which includes over 30 financial metrics and key insights available in their detailed Pro Research Report.
In other recent news, Cooper Standard reported its fourth-quarter 2024 financial results, which fell short of expectations. The company announced an earnings per share (EPS) of -$0.16, missing the forecasted $0.02, while revenue came in at $660.8 million, below the projected $692.2 million. Despite the disappointing quarterly results, Cooper Standard reported a 96.8% increase in adjusted EBITDA for the quarter, indicating improved operational efficiency. For the full year 2024, sales decreased by 3% to $2.7 billion, but adjusted EBITDA rose to $180.7 million from $167.1 million in 2023. Looking ahead, the company anticipates positive free cash flow in 2025 and aims to achieve double-digit EBITDA margins by the end of the year. Cooper Standard also projects a 50% growth in its fluids business over the next five years. Additionally, the company is focused on innovation and efficiency, with new product launches that are expected to enhance its market position.
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