Standard Motor Products Inc. (SMP) Insider Peter J. Sills Sells 2,322 Shares
Standard Motor Products Inc. (NYSE:SMP) insider Peter J. Sills sold 2,322 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $46.80, for a total transaction of $108,669.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Standard Motor Products Inc. (NYSE:SMP) opened at 47.76 on Monday. The company’s 50-day moving average is $45.05 and its 200-day moving average is $39.54. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 20.00 and a beta of 1.77. Standard Motor Products Inc. has a 12-month low of $29.69 and a 12-month high of $48.00.
Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.15. Standard Motor Products had a net margin of 5.50% and a return on equity of 14.75%. The company had revenue of $289 million for the quarter, compared to the consensus estimate of $277.37 million. During the same period in the prior year, the firm posted $0.59 EPS. Standard Motor Products’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts predict that Standard Motor Products Inc. will post $2.83 earnings per share for the current year.
SMP has been the topic of several research reports. Zacks Investment Research raised shares of Standard Motor Products from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, June 15th. Jefferies Group boosted their price target on shares of Standard Motor Products from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, FBR & Co boosted their price target on shares of Standard Motor Products from $38.00 to $40.00 and gave the company a “mkt perform” rating in a research report on Thursday, August 4th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Standard Motor Products presently has a consensus rating of “Buy” and a consensus target price of $45.00.
Hedge funds have recently made changes to their positions in the stock. PineBridge Investments L.P. increased its stake in shares of Standard Motor Products by 8.1% in the second quarter. PineBridge Investments L.P. now owns 2,504 shares of the company’s stock worth $100,000 after buying an additional 187 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Standard Motor Products by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 2,838 shares of the company’s stock worth $113,000 after buying an additional 341 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Standard Motor Products during the first quarter worth about $103,000. BlackRock Inc. increased its stake in shares of Standard Motor Products by 216.2% in the second quarter. BlackRock Inc. now owns 3,772 shares of the company’s stock worth $150,000 after buying an additional 2,579 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new stake in shares of Standard Motor Products during the second quarter worth about $154,000. 80.02% of the stock is currently owned by institutional investors.
Standard Motor Products Company Profile
Standard Motor Products, Inc is a manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment service market. The Company operates through two segments: Engine Management Segment and Temperature Control Segment.
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