Cooper-Standard Holdings Inc (NYSE:CPS) insider has lately joined an insider trading activity. 10% Owner, Silver Point Capital L.P. sold 27,886 shares for $2,865,747 via through transaction Dec 16. Following the transaction, the insider now holds 2,208,814 shares in the company, priced at $226977726.64 as of Friday. Additional notable insider trading was performed by the same insider on Dec 15. Silver Point Capital L.P. Sold 25,000 shares with $102.26 as the average price of common stock. That amounts to $2,556,410 in total. Apart from this, this insider carried out a sale of 10,000 shares at $102.29 per share on Dec 14. The transaction was worth $1,022,854. See remarks de Miguel Posada Juan Fernando sold 2,401 shares for $249,978 via one transaction Dec 14. Following this sale, this insider’s ownership comprises 4,396 shares, priced at $451732.96 as of Friday.

The stock has seen a count of 29 insider trades in the past 3 months. These transactions include 29 sell trades and 0 buy activities. Furthermore, over the past 12 months, insider traded the stock on 85 occasions. In 85 instances, an employee was a seller while the insider of the company was the buyer in just 0 times.

Cooper-Standard Holdings Inc (CPS) on November 1, 2016 reported record results for the third quarter 2016.

Third Quarter 2016 Highlights

  • Sales increased to a third quarter record $855.7 million
  • Net income reached a third quarter record  $36.4 million or $1.94 per diluted share
  • Adjusted EBITDA increased 7.9 percent to a third quarter record $100.8 million
  • Adjusted net income totaled $46.5 million or $2.48 per diluted share
  • Free cash flow increased by $11.8 million in the quarter and $84.9 million in the first nine months

During the third quarter of 2016, the Company generated net income of $36.4 million, or $1.94 per diluted share, and adjusted EBITDA of $100.8 million on sales of $855.7 million. These results compare to net income of $32.7 million or $1.78 per diluted share and adjusted EBITDA of $93.3 million on sales of $827.5 million in the third quarter of 2015.

Third quarter net income, excluding restructuring and other special items (“adjusted net income”), totaled $46.5 million or $2.48 per diluted share.  Adjusted net income in the prior year period was $41.1 million or $2.23 per diluted share.

“We continue to drive value through culture, innovation and results,” stated Jeffrey Edwards, chairman and CEO of Cooper Standard. “We are pleased to extend our track record to eight consecutive quarters in which we have delivered year-over-year improvement in adjusted EBITDA and adjusted EBITDA margin.”

For the first nine months of 2016, the Company reported net income of $107.9 million, or $5.77 per diluted share, and adjusted EBITDA of $312.9 million on sales of $2.6 billion.  By comparison, the Company reported net income of $90.2 million, or $4.92 per diluted share, and adjusted EBITDA of $271.1 million on sales of $2.5 billion in the first nine months of 2015.  Adjusted net income for the first nine months of 2016 was $146.9 million or $7.85 per diluted share compared to $111.8 million or $6.10 per diluted share in the first nine months of 2015.  The Company’s adjusted EBITDA margin for the first nine months of 2016 was 12.0 percent compared to 10.9 percent in the first nine months of 2015.