Standard Motor Products Inc. (NYSE:SMP) CEO Eric Sills sold 990 shares of Standard Motor Products stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $47.07, for a total value of $46,599.30. Following the completion of the sale, the chief executive officer now directly owns 162,667 shares in the company, valued at approximately $7,656,735.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Standard Motor Products Inc. (NYSE:SMP) opened at 48.11 on Thursday. Standard Motor Products Inc. has a 12-month low of $29.69 and a 12-month high of $48.37. The company’s 50-day moving average price is $46.06 and its 200-day moving average price is $40.35. The stock has a market cap of $1.09 billion, a PE ratio of 20.15 and a beta of 1.77.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.73 by $0.15. Standard Motor Products had a return on equity of 14.75% and a net margin of 5.50%. The firm earned $289 million during the quarter, compared to analysts’ expectations of $277.37 million. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities 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 on the stock in a research 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 research 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 research report on Thursday, August 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.00.

Several large investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC boosted its stake in 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 during the period. Prudential Financial Inc. boosted its stake in 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 during the period. BlackRock Fund Advisors boosted its stake in 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 during the period. BlackRock Institutional Trust Company N.A. boosted its stake in 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 during the period. Finally, Zebra Capital Management LLC boosted its stake in 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 during the period. 80.04% of the stock is owned by hedge funds and other institutional investors.

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.

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