Standard Motor Products Inc. (NYSE:SMP) VP Thomas Tesoro sold 1,100 shares of Standard Motor Products stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $47.14, for a total value of $51,854.00. Following the completion of the sale, the vice president now directly owns 30,959 shares in the company, valued at approximately $1,459,407.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Thomas Tesoro also recently made the following trade(s):

  • On Monday, August 8th, Thomas Tesoro sold 1,000 shares of Standard Motor Products stock. The stock was sold at an average price of $43.19, for a total value of $43,190.00.

Standard Motor Products Inc. (NYSE:SMP) opened at 47.26 on Wednesday. The company has a market cap of $1.07 billion, a P/E ratio of 19.79 and a beta of 1.77. Standard Motor Products Inc. has a 52-week low of $29.69 and a 52-week high of $48.09. The stock’s 50 day moving average price is $45.93 and its 200 day moving average price is $40.29.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15. The company had revenue of $289 million for 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%. Standard Motor Products’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 earnings per share. Analysts expect that Standard Motor Products Inc. will post $2.83 earnings per share for the current year.

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

A number of research firms have issued reports on SMP. Zacks Investment Research downgraded Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 4th. FBR & Co lifted their price objective on Standard Motor Products from $38.00 to $40.00 and gave the stock a “mkt perform” rating in a research note on Thursday, August 4th. Finally, Jefferies Group lifted their price objective on Standard Motor Products from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Standard Motor Products presently has an average rating of “Buy” and an average target price of $45.00.

A number of institutional investors have recently modified their holdings of SMP. TIAA CREF Investment Management LLC increased its position 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 worth $3,634,000 after buying an additional 11,103 shares in the last quarter. Prudential Financial Inc. increased its position 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 worth $4,040,000 after buying an additional 1,800 shares in the last quarter. BlackRock Fund Advisors increased its position 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 worth $42,981,000 after buying an additional 14,400 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position 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 worth $17,648,000 after buying an additional 3,428 shares in the last quarter. Finally, Zebra Capital Management LLC increased its position 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 worth $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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