Standard Motor Products Inc. (NYSE:SMP) insider Peter J. Sills sold 2,310 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $47.07, for a total value of $108,731.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Standard Motor Products Inc. (NYSE:SMP) traded down 0.51% on Friday, hitting $46.98. The company’s stock had a trading volume of 2,605 shares. Standard Motor Products Inc. has a 12 month low of $29.69 and a 12 month high of $48.09. The firm has a 50 day moving average of $45.56 and a 200-day moving average of $39.95. The stock has a market cap of $1.07 billion, a PE ratio of 19.67 and a beta of 1.77.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.15. The company earned $289 million during the quarter, compared to analysts’ expectations of $277.37 million. Standard Motor Products had a return on equity of 14.75% and a net margin of 5.50%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, analysts expect that Standard Motor Products Inc. will post $2.83 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

Several large investors have recently made changes to their positions in SMP. Monarch Partners Asset Management LLC raised its stake in shares of Standard Motor Products by 2.7% in the second quarter. Monarch Partners Asset Management LLC now owns 6,581 shares of the company’s stock valued at $262,000 after buying an additional 170 shares during the last quarter. First Midwest Bank Trust Division raised its stake in shares of Standard Motor Products by 47.2% in the second quarter. First Midwest Bank Trust Division now owns 10,671 shares of the company’s stock valued at $424,000 after buying an additional 3,424 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Standard Motor Products by 1.9% in the second quarter. Capstone Asset Management Co. now owns 5,950 shares of the company’s stock valued at $237,000 after buying an additional 110 shares during the last quarter. Curbstone Financial Management Corp raised its stake in shares of Standard Motor Products by 4.4% in the second quarter. Curbstone Financial Management Corp now owns 16,552 shares of the company’s stock valued at $658,000 after buying an additional 700 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Standard Motor Products by 96.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,504 shares of the company’s stock valued at $259,000 after buying an additional 3,185 shares during the last quarter. Institutional investors own 80.02% of the company’s stock.

SMP has been the subject of a number of recent analyst reports. Zacks Investment Research raised Standard Motor Products from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, June 15th. Jefferies Group upped their target price on Standard Motor Products from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Finally, FBR & Co upped their target price on Standard Motor Products from $38.00 to $40.00 and gave the stock a “mkt perform” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.00.

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.

5 Day Chart for NYSE:SMP

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