Standard Motor Products Inc. (NYSE:SMP) EVP Dale Burks sold 900 shares of Standard Motor Products stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $47.06, for a total value of $42,354.00. Following the sale, the executive vice president now directly owns 42,452 shares of the company’s stock, valued at $1,997,791.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Standard Motor Products Inc. (NYSE:SMP) opened at 47.26 on Wednesday. Standard Motor Products Inc. has a 1-year low of $29.69 and a 1-year high of $48.09. The firm’s 50-day moving average price is $45.93 and its 200 day moving average price is $40.29. The stock has a market capitalization of $1.07 billion, a P/E ratio of 19.79 and a beta of 1.77.

Standard Motor Products (NYSE:SMP) last announced its 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 the consensus estimate of $277.37 million. Standard Motor Products had a return on equity of 14.75% and a net margin of 5.50%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. Analysts expect that Standard Motor Products Inc. will post $2.83 EPS for the current fiscal year.

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

Several research firms have recently weighed in on SMP. 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 report on Wednesday, June 15th. FBR & Co boosted their target price on Standard Motor Products from $38.00 to $40.00 and gave the company a “mkt perform” rating in a report on Thursday, August 4th. Finally, Jefferies Group boosted their target price on Standard Motor Products from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Standard Motor Products has a consensus rating of “Buy” and an average price target of $45.00.

Several hedge funds have recently made changes to their positions in SMP. TIAA CREF Investment Management LLC increased its stake in shares of Standard Motor Products by 11.8% in the first quarter. TIAA CREF Investment Management LLC now owns 104,867 shares of the company’s stock valued at $3,634,000 after buying an additional 11,103 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Standard Motor Products by 1.6% in the first quarter. Prudential Financial Inc. now owns 116,587 shares of the company’s stock valued at $4,040,000 after buying an additional 1,800 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Standard Motor Products by 1.2% in the first quarter. BlackRock Fund Advisors now owns 1,240,428 shares of the company’s stock valued at $42,981,000 after buying an additional 14,400 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Standard Motor Products by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 509,314 shares of the company’s stock valued at $17,648,000 after buying an additional 3,428 shares in the last quarter. Finally, Zebra Capital Management LLC increased its stake in shares of Standard Motor Products by 47.2% in the first quarter. Zebra Capital Management LLC now owns 21,923 shares of the company’s stock valued at $760,000 after buying an additional 7,025 shares in the last quarter. Institutional investors own 80.04% of the company’s stock.

About Standard Motor Products

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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