Standard Motor Products Inc. (NYSE:SMP) Director Peter J. Sills sold 2,314 shares of the stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $46.99, for a total transaction of $108,734.86. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Standard Motor Products Inc. (NYSE:SMP) opened at 48.11 on Thursday. The firm has a 50-day moving average of $46.06 and a 200 day moving average of $40.35. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 20.15 and a beta of 1.77. Standard Motor Products Inc. has a 1-year low of $29.69 and a 1-year high of $48.37.

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data 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 firm earned $289 million during the quarter, compared to analysts’ expectations of $277.37 million. Standard Motor Products had a net margin of 5.50% and a return on equity of 14.75%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. 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)

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. 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 report on Thursday, August 4th. Finally, 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 report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.00.

Large investors have recently bought and sold shares of the stock. PineBridge Investments L.P. boosted its stake in Standard Motor Products by 8.1% in the second quarter. PineBridge Investments L.P. now owns 2,504 shares of the company’s stock valued at $100,000 after buying an additional 187 shares during the last quarter. Creative Planning boosted its stake in Standard Motor Products by 15.2% in the third quarter. Creative Planning now owns 2,550 shares of the company’s stock valued at $122,000 after buying an additional 337 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in 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 valued at $113,000 after buying an additional 341 shares during the last quarter. BlackRock Inc. boosted its stake in Standard Motor Products by 216.2% in the second quarter. BlackRock Inc. now owns 3,772 shares of the company’s stock valued at $150,000 after buying an additional 2,579 shares during the last quarter. Finally, Mason Street Advisors LLC bought a new stake in Standard Motor Products during the second quarter valued at $154,000. Hedge funds and other institutional investors own 80.04% of the company’s stock.

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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