Standard Motor Products Inc. (NYSE:SMP) insider Lawrence I. Sills sold 1,150 shares of the company’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $47.03, for a total value of $54,084.50. Following the completion of the sale, the insider now directly owns 742,921 shares in the company, valued at approximately $34,939,574.63. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

Standard Motor Products (NYSE:SMP) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.15. Standard Motor Products had a net margin of 5.50% and a return on equity of 14.75%. The business had revenue of $289 million for the quarter, compared to analyst estimates of $277.37 million. During the same quarter last year, the business 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 year.

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

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

Several brokerages have weighed in on SMP. Zacks Investment Research upgraded Standard Motor Products from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Wednesday, June 15th. FBR & Co boosted their price target 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 price target 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Standard Motor Products has an average 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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