Standard Motor Products Inc. (NYSE:SMP) Director Peter J. Sills sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $51.01, for a total transaction of $765,150.00. Following the completion of the sale, the director now owns 376,001 shares of the company’s stock, valued at $19,179,811.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Standard Motor Products Inc. (NYSE:SMP) traded down 1.30% on Monday, hitting $50.83. 133,007 shares of the company’s stock were exchanged. The company has a market cap of $1.16 billion, a PE ratio of 20.41 and a beta of 1.74. Standard Motor Products Inc. has a 12-month low of $29.69 and a 12-month high of $51.76. The company’s 50-day moving average price is $48.54 and its 200-day moving average price is $43.42.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Thursday, October 27th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.01. Standard Motor Products had a net margin of 5.54% and a return on equity of 15.04%. The firm had revenue of $300.80 million for the quarter, compared to the consensus estimate of $300.67 million. During the same period in the prior year, the firm earned $0.80 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts forecast that Standard Motor Products Inc. will post $2.87 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, November 10th. Standard Motor Products’s payout ratio is currently 27.31%.

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A number of large investors have recently made changes to their positions in SMP. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 last quarter. Goldman Sachs Group Inc. increased its stake in shares of Standard Motor Products by 1.3% in the first quarter. Goldman Sachs Group Inc. now owns 23,836 shares of the company’s stock valued at $826,000 after buying an additional 303 shares during the last quarter. Wellington Management Group LLP increased 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 valued at $20,615,000 after buying an additional 21,887 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Standard Motor Products by 96.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,504 shares of the company’s stock valued at $259,000 after buying an additional 3,185 shares during the last quarter. Finally, Curbstone Financial Management Corp increased its stake in shares of Standard Motor Products by 4.4% in the second quarter. Curbstone Financial Management Corp now owns 16,552 shares of the company’s stock valued at $658,000 after buying an additional 700 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on SMP. Zacks Investment Research upgraded shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $55.00 target price for the company in a research note on Wednesday, October 19th. Jefferies Group reaffirmed a “buy” rating and issued a $56.00 price target on shares of Standard Motor Products in a report on Wednesday, October 19th. Finally, FBR & Co raised 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. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $48.75.

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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