Standard Motor Products Inc. (NYSE:SMP) VP Thomas Tesoro sold 383 shares of the company’s stock in a transaction on Friday, October 14th. The stock was sold at an average price of $47.70, for a total transaction of $18,269.10. Following the completion of the transaction, the vice president now directly owns 29,476 shares in the company, valued at approximately $1,406,005.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Monday, October 10th, Thomas Tesoro sold 1,100 shares of Standard Motor Products stock. The stock was sold at an average price of $47.14, for a total transaction of $51,854.00.
  • 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 transaction of $43,190.00.

Shares of Standard Motor Products Inc. (NYSE:SMP) traded up 0.85% on Friday, reaching $47.68. 65,662 shares of the company traded hands. Standard Motor Products Inc. has a 1-year low of $29.69 and a 1-year high of $48.37. The stock has a 50-day moving average price of $46.16 and a 200 day moving average price of $40.40. The firm has a market capitalization of $1.08 billion, a P/E ratio of 19.97 and a beta of 1.77.

Standard Motor Products (NYSE:SMP) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.15. The business had revenue of $289 million for 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 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 anticipate 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)

SMP has been the topic of several research analyst reports. Zacks Investment Research cut shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. FBR & Co upped their price target on shares of Standard Motor Products from $38.00 to $40.00 and gave the stock a “mkt perform” rating in a report on Thursday, August 4th. Finally, Jefferies Group upped their price target on shares of Standard Motor Products from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $45.00.

Several hedge funds and other institutional investors have recently modified their holdings of SMP. BlackRock Fund Advisors boosted 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 valued at $42,981,000 after buying an additional 14,400 shares in the last quarter. TIAA CREF Investment Management LLC boosted 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 valued at $3,634,000 after buying an additional 11,103 shares in the last quarter. Prudential Financial Inc. boosted 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 valued at $4,040,000 after buying an additional 1,800 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Standard Motor Products by 3.8% in the first quarter. Wellington Management Group LLP now owns 594,982 shares of the company’s stock valued at $20,615,000 after buying an additional 21,887 shares in the last quarter. Finally, PineBridge Investments L.P. boosted its position in shares of 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 in the last quarter. Institutional investors and hedge funds 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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