Standard Motor Products Inc. (NYSE:SMP) insider Peter J. Sills sold 2,271 shares of the firm’s stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $47.87, for a total transaction of $108,712.77. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Standard Motor Products Inc. (NYSE:SMP) traded up 0.55% during mid-day trading on Wednesday, hitting $47.80. 135,514 shares of the stock were exchanged. Standard Motor Products Inc. has a 12-month low of $29.69 and a 12-month high of $48.37. The stock has a market capitalization of $1.09 billion, a P/E ratio of 20.02 and a beta of 1.77. The firm has a 50-day moving average price of $46.45 and a 200-day moving average price of $40.77.

Standard Motor Products (NYSE:SMP) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business earned $289 million during the quarter, compared to analysts’ expectations of $277.37 million. During the same period in the previous year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts predict 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)

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research report on Wednesday. Jefferies Group reaffirmed a “buy” rating and set a $56.00 price objective on shares of Standard Motor Products in a research note on Wednesday. Finally, FBR & Co upped their price objective on shares of Standard Motor Products from $38.00 to $40.00 and gave the company a “mkt perform” rating in a research note on Thursday, August 4th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $48.75.

A number of hedge funds have recently made changes to their positions in SMP. BlackRock Fund Advisors raised its stake 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 during the last quarter. TIAA CREF Investment Management LLC raised its stake 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 during the last quarter. Prudential Financial Inc. raised its stake 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 during the last quarter. Wellington Management Group LLP raised its stake 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 worth $20,615,000 after buying an additional 21,887 shares during the last quarter. Finally, PineBridge Investments L.P. raised its stake 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 worth $100,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 80.03% 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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